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Sept. 25, 2023 - Fresh & Fit

02:09:50

How to Become A Millionaire With Trading w/ Cue Banks And Lambo Raul

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Time	Text
	Thank you.
	What's up, guys?
	Welcome to Fresh Up Podcast, man.
	It's Money Monday.
	We're here at QBanks in Lambeau.
	Let's get into it!
	Let's go.
	What's up, guys?
	Welcome to Fresh Shift Podcast, man.
	It's Money Monday.
	It's going to be our last episode for Money Monday in this studio, guys.
	So it's been a good three years, but we're definitely going to be moving and fuck this building.
	But anyway, with that said...
	It's been a good time.
	And just so you guys know, at the very beginning of this podcast, QVance came.
	We didn't even know who we were.
	Out of love and respect.
	Shout out to you for coming back, bro.
	People always ask, why didn't you go on Fresh and Fit?
	I'm like, bro, I've been on there like two other times already.
	Yeah, at the very beginning.
	It was super, super early, though.
	Very early.
	He didn't know who we were at all.
	Actually, we were just beginning, so.
	Yeah, we were just starting.
	Everything was fresh.
	It was cool.
	It was love, man.
	It was love.
	And it's fitting that we would bring him back right before we leave the studio.
	That's crazy.
	Appreciate it.
	But no, man, thanks for being here.
	So yeah, guys, rumble.com slash freshfit.
	You guys know where to find us because YouTube is lame and they might go ahead and cancel us.
	So if anything, you know where to find us, rumble.com slash freshfit and castleclub.tv.
	Also known as freshfit.locals.com.
	All the behind-the-scenes content is there, like us kicking out girls, exclusive interviews.
	We're going to start doing Zoom calls once we move to the new studio over there for y'all.
	So you guys are going to get a lot of value over on castleclub.tv.
	But yeah, man, without further ado, we've got two special guests in the house, man.
	Hey!
	We got two legends, Lambo Raul and Q Banks.
	So, we know who you are, but they might not know who you are.
	Please tell us.
	Go first, go ahead.
	I mean, um...
	You know what's crazy?
	I always say all the time, Lambo Raul is like Spanish version of you.
	Like Spanish version.
	I don't know why.
	Same car, same lifestyle, but go ahead, bro.
	Yeah, I mean, so my name is Raul, known as Lambo Raul, online.
	It's weird because a lot of people will come up to me and they meet me for the first time in person.
	They don't even call me by Raul.
	It's like, yo, Lambo, what's good?
	I'm like, what?
	And yeah, I mean, I've been day trading for the last six years.
	I make seven years now in October, and I own multiple online businesses as well.
	So I want to know from you guys as well, what got you into trading?
	And then what jobs were you doing before you started trading or during?
	So, for me personally, what got me into trading was, honestly, like, I had gone through this whole period where I was sick.
	My initial plan wasn't to get into trading.
	And to kind of make a long story short, right, with the disease that I was diagnosed with is chronic and you're not allowed into the military.
	That was kind of like my go-to career path.
	After high school, I wanted to get into the military.
	I wanted to be in the Marines.
	I'm sorry.
	What was the disease?
	Oh, wow.
	Yeah, yeah.
	So I was diagnosed with Crohn's disease.
	I was battling Crohn's disease for like two years.
	Realistically, like three years, but I was diagnosed like a year in.
	And I couldn't join the military.
	And then I started looking up ways to make money online.
	And that's when I kind of stumbled upon the whole trading scene.
	Okay.
	And we worked in jobs before or not really?
	No, at that point in time, I wasn't.
	I was starting to work with my dad.
	I was helping him sell products online because he's a dentist.
	He has a clinic and he also has a line of dental products as well.
	So I was helping him kind of push that and pretty much just working for him.
	That was my nine to five, if that's how you want to call it.
	Although I was at the office from whenever he clocked in to whenever he clocked out.
	Dr.
	G, shout out to him, by the way.
	Thank you.
	Tell him who you are.
	We can trade, stuff like that.
	QBanks, Quill& Black, I've been trading for the past maybe nine years or so.
	I think I started trading for the fact that, you know, the things that I want in life, like I have to find like a source that could actually bring me to that.
	Which means that like every other job that I had, it could never ever like support the kind of dreams that I had as far as cars and traveling and doing this and doing that and time freedom and that kind of thing.
	So when I came across even just like stock trading and it's like trading overall, like it was the only source of income that could not have no kind of cap.
	Right.
	You can make as much money as you want to every single fucking day.
	So like that pretty much like actually drawn me to actually want to take trading seriously, knowing that there's no kind of income cap.
	And I remember you worked at Target recently.
	Yeah, but even before Target, actually, I had a job at a warehouse.
	I was working there for about three years, making around $620 every two weeks on salary, which means that even if I worked over 100 hours, I was still going to get...
	Get paid that $620 each and every single two weeks.
	Damn!
	That's slavery.
	What the heck?
	But look, it was my first job.
	I just got my work permit.
	You know what I'm saying?
	I'm just getting into the world because remember, after high school, I had no kind of paperwork.
	So when I just got my work permit, I had to get my first job, which was...
	It is what it is.
	And for the audience that's confused, he's Jamaican, guys.
	I'm born in Jamaica.
	Correct, correct, correct.
	When I was 9, 10.
	Because they're probably thinking, what do you mean?
	Yeah, yeah.
	So I'm born in Jamaica.
	And then after high school, everybody's talking about college and everything.
	I can't talk about college because I couldn't go to college.
	I couldn't do anything.
	So I had to come across another source that pretty much can actually...
	Support me, knowing that I couldn't get a job, I couldn't do anything else.
	So that's when I got a...
	I came across things to make online money.
	And then I got, like, my first job.
	And to me, like, that first job was just cool because...
	I have to just put in a little bit of time, and I get a check.
	If my first check ever, I'm like, yo, all I have to do is just go here a certain amount of hours, and I'm making this every two weeks?
	Cool.
	But that's all that I knew at the time.
	Until after three years, and I was like, you know, bro, this ain't it.
	This can't be life.
	This ain't it.
	But then Target happened after that right there.
	So I got fired from that first job, and then I got at the Target job, which everybody knows.
	And I was at Target for about 10 months, and from that point, trading full-time after that.
	Okay.
	And guys, I understand trading is a whole different world itself.
	What do you actually trade?
	What's that method like?
	What do you trade?
	Currencies, crypto?
	Well, for the first six years, I started off with...
	Well, the first year, I started off with mainly commodities like oil.
	I started trading oil.
	My first ever trade was on oil.
	And then I started trading currencies...
	AUD-USD, USD-JPY, and that kind of stuff for a couple years.
	And then for the past maybe like three years, I've been trading only US-30, which is an index, which is a lot more volatile than the currencies.
	So, I mean, it's a different level of money.
	You know what I'm saying?
	The same amount of effort, but just a different level of money when it comes down to it.
	As a beginner, where should they start, you think?
	What should they trade first?
	As a beginner.
	For a brand new person, bro, I feel like you should actually embrace the fact that it takes a lot to actually understand the charts.
	You know what I'm saying?
	You have to get good at your technicals.
	You have to get good at pretty much understanding what the fuck you're even looking at.
	You know what I'm saying?
	So I feel like just start off on a pair that's pretty much slow.
	I would say AU or UJ, pairs of that sort, that pretty much doesn't really have that much movement, but it gives you enough time to actually learn the skill of even analyzing a chart.
	What is AU and UJ? All the USD. Australian dollar.
	Okay.
	Australian dollar versus the USD. So you would say like if you're going to trade currencies, like look at that first, master that exchange between those two different currencies and then work your way?
	Well, first, it's a slow moving pair.
	So it's not like it's just that currency, but it's a pair that doesn't really move as active as others and everything.
	Like if a person started trading GDP, JPY, when they first started, they're going to get wrecked.
	There's a lot more volatility involved.
	Gotcha.
	They're going to have a bad taste in their mouth about trading after experiencing that first.
	AUD to USD is less volatile, a little bit more stable, safer to trade with that.
	Correct.
	The margins on profit won't be as high, but the margins of loss won't be as high, which as a beginner...
	Correct.
	But you're learning.
	Yeah.
	And then eventually you kind of like this upgrade a little bit more, a little bit more over the years.
	And you get to riskier and riskier.
	Would it be fair to say that regardless of what you're trading, the charts are almost all identical?
	They have candles, what is it?
	They call it candlesticks, if I'm not mistaken.
	So whether it's cryptocurrency, commodities, currencies, all candlesticks.
	If you can read one chart, you can read another chart easily.
	Pretty much like the skill of trading and analyzing overall, Raoul would definitely agree.
	We could analyze anything.
	It doesn't matter what it is.
	Corn.
	I can analyze that shit.
	You know what I'm saying?
	It doesn't matter.
	Once there's candlesticks on the charts, we have the knowledge actually to be able to break it down and anticipate what's going to happen next based on what's currently being shown on the chart at that point.
	So that explains why you guys are skilled at trading so many different things.
	It's because you understand the fundamentals of how to read the chart.
	If you can read the chart, then you can basically trade in that universe.
	Basically understanding how to read price action.
	Price action.
	A lot of the price action is very similar.
	It really depends on what type of assets you're trading.
	And it also depends on the types of system you're trading as well.
	There's a lot of people who have a very systematic approach as to how they're going to trade.
	And then maybe that specific system may work better with other assets compared to different assets such as commodities or stocks or cryptos and currencies.
	But if you're a great trader or reading price action and your system is kind of very discretionary, then you could trade multiple different assets that...
	The workflow is going to be a little bit different based on how fast that currency pair is or that asset is, but the overall foundation of the entire analyzing aspect of it is going to be similar.
	Workflow as far as what time frames you trade on, what What you use to actually analyze the charts and everything else.
	It's going to be similar, but at the same time, like how you use it is going to be very, very different.
	Like, for example, there's like on odd USD, like I wouldn't focus on the one minute too much because it's too slow at that point.
	I could focus on the M30 or the H1 to actually take a trade on versus let's say like USD. U.S. 30.
	I could go on the one-minute time frame because it's a period that pretty much moves fast enough that I could analyze and still make money even on that one-minute chart.
	Compared to other charts, it's too slow or it's not even volatile enough to even like...
	And when you're saying a one-minute chart, does that mean that you need to make a decision and place a trade within one minute?
	No, which means every single minute, it's forming a brand new candle.
	It's closing a candle.
	So it's pretty much like closing it and forming the charts and everything off of that one minute chart.
	Can you tell the audience what forming a candle signifies on the chart?
	It's the movement of like price.
	It's data.
	It's basically the data solidifying.
	Because when the candlestick is fluctuating, that's just the candlestick printing data essentially.
	But once it's already done, it's...
	What happened?
	What was that, Mo?
	We good?
	We just want to make sure the audio is good on his mic.
	Yeah.
	Okay.
	Oh, yeah.
	Just stay close to it, bro.
	Yeah, and then once the candlestick actually closes, that's when the data is solidified.
	Okay.
	All right.
	Okay.
	And Raul, what do you trade?
	I want to say right now, I guess.
	What do you trade?
	And for a beginner, what should they start with, you think?
	So for me personally, I started off by trading currencies and commodities, and I traded currencies and commodities for four years, and then I actually went over to also trading indexes or indices as we kind of know it.
	I mean, some people also trade futures as well, which I trade SPX 500, and I also trade NAS 100, but other people trade that asset class in futures, which essentially is NQ and ES, right?
	And that's what I've been trading for the last two years.
	But when it comes to like what I believe you should trade in, it just really depends on your trading system and what type of trader you are because you have position traders, you have swing traders, you have day traders, you have scalpers, then you have like high frequency traders.
	Yeah.
	Right.
	So depending on what type of trader and how trading will kind of revolve around your current and specific lifestyle and how much time you can actually dedicate to the charts itself.
	We'll kind of give you a better direction because you need volatility to make money.
	If you plan on being a scalper and a really shorter term time frame trader, then you don't probably want to trade something like AUD, USD because you're not going to see opportunity the majority of the time versus going and trading something like the NASDAQ or US30 or the S&P 500 where you can go on the one minute time frame and there's volatility and opportunity every day.
	He looks lost, but a scalper is a person that pretty much trades in and out.
	They focus on a very, very quick time frame that moves very, very fast.
	It's like a quick little push.
	And that's it.
	Versus a swing trader, they probably hold trades for days, weeks, months at times.
	A position trader, they probably hold trades for six months or a year plus.
	It's basically like long-term investing.
	What I'm hearing is you need to learn the terminology before you even get into it.
	Of course.
	Education is the biggest thing.
	With everything.
	I feel like if you're getting into a brand new field, you can't understand or you can't be a part of that conversation unless you understand the language of that conversation.
	Of course.
	You know what I'm saying?
	With anything else.
	So the biggest thing is to even get in trading.
	I feel like you have to understand the terminology first.
	So when you're having...
	When you're having a conversation with somebody else that's already a part of that system, you're comprehending what they're talking about versus just listening.
	You know what I'm saying?
	So if I just understand what everything means, what pips means, what price actually means, all this stuff, it pretty much makes sense to you now because you actually understand the terms of what's being spoken.
	You mentioned pips.
	What does pips mean again?
	Pips is just, you know, the points that are pretty much on the charts, like the price, pretty much like the lowest number of that price point is pretty much pips, like just like the lowest decimal point.
	Is there like a mock chart that we can pull up real quick that you guys have on one of your websites, like a mock chart that we can show the audience real fast just so they can kind of see it visually?
	I mean, if you don't, don't worry about it.
	Listen, throw up a chart, bro.
	Whatever.
	Let's do it.
	I have no problem with it.
	Okay.
	You can just go on TradingView.
	Yeah, what should we do?
	Do tradingview.com?
	Yeah, you can go on tradingview.com.
	Okay.
	Phyllis, can you pull that up on the side?
	I think it's one thing to talk about.
	It's another thing to visually show the audience and kind of show them, okay, this is what a candlestick is here, blah, blah, blah.
	I was going to ask the next question.
	Yeah, yeah, yeah.
	Go ahead.
	Go ahead, please.
	Obviously speaking, you don't get into this randomly.
	You have to either have a mentor or someone that knows the way.
	Do you guys have mentors in your space?
	And how do you get a mentor, you would say, in trading?
	Yeah.
	I mean, there's tons of different mentors out there.
	Some people take the mentorship route.
	Some people won't take the mentorship route.
	I mean, nowadays there's so much information online, but I look at it in two different ways, right?
	It's like, okay, you can go and try and do everything on your own or you can go and find somebody that's already done what you're looking to do and they're successful at it and they'll shorten your learning curve.
	Yeah.
	So, you know, it's kind of as simple as that to me.
	It's like the same exact way you go to school to be a doctor.
	Somebody's already gone through that process and they're teaching you how to do it.
	I'm a mentor.
	He's a mentor.
	And it's just kind of like being selective on the individual that you're trying to learn from.
	Like when I first started trading, like he was one of the guys that I learned from and grabbed principles from him to apply to my own trading.
	Right.
	You know, and I was only able to shorten my learning curve because of buying X and Y, Z course to, again, help me with my trading and shorten my learning curve.
	Because there's so much info out there, bro, it's confusing.
	So to package it in one where people can see it, I think that's better because all these terminologies, all these terms, I'm like, God damn!
	Yeah, so look, like, you have YouTube University, right?
	Of course, right?
	It's free, of course.
	But, like, you're pretty much on a system that pretty much is like an encyclopedia.
	Everything is disorganized as fuck, you know what I'm saying?
	Versus a person that you're actually learning from within a mentorship, everything's organized.
	You're pretty much learning everything from A to Z, which makes it a lot more easier to digest in some kind of way.
	So I feel like even paying that extra money and everything for mentorship and that kind of stuff is cool because you're not going through all the headache of trying to even find what works and what doesn't work and everything, but you're finding what works for that person and it could probably work for you as well.
	Got it.
	Question for you.
	I remember, especially when we did our first interview back in the day, back in 2020 to 2021, there was like a huge push for Forex trading.
	I remember everyone was trading Forex.
	There was courses on it.
	Everyone was on Instagram.
	Hey, I'll teach you how to trade Forex, etc.
	Is this still as popular as it used to be?
	Or is it not?
	Is it slowed down a bit?
	As far as what?
	Just like...
	Because I remember, man, there was a period where every girl I met said that she was a Forex trader.
	Yes!
	I'm a trader!
	I'm an entrepreneur!
	And I'd ask them, what do you trade specifically?
	And they would all say Forex.
	And I was like, but I haven't seen as many people talk about Forex unless it's guys like you that make a bunch of money on it and actually understand the charts.
	But random people would be like, oh yeah, I trade Forex.
	And I'm like...
	Well, back then, it was more being pushed by...
	MLM company.
	MLM companies.
	The thing with MLM is cool, but at the same time, we're kind of against it because at the same time, they're very, very good at marketing, which means that they know how to pretty much attract 5,000 people at one time.
	That's crazy as hell.
	Which means that they're attracting all the people to introduce them to trading overall.
	Eventually, they'll understand that they're not learning much from those companies and then fall off that company and then fall into us.
	Pretty much actually teach the craft and that kind of stuff.
	And mind you, We teach the craft because we're kind of like beyond the fact of making money.
	We make money even if we have no courses and that kind of shit.
	We actually are good at the charts and everything.
	So at the same time, the fact that we're able to actually give our value back to people in some kind of way, which is we're kind of like doing our...
	We're giving our value back knowing that we're making good money, but we're giving it back to say that we gave our value to the community in some kind of way so we could actually step back and have the new generation of traders actually thrive.
	You know what I'm saying?
	So you're teaching them how to fish versus actually giving them the fish.
	Exactly.
	You can do that.
	And people do that, which is fine, but at the same time, you're still being dependent on that person, which is, at times, it gets annoying and everything.
	I'm not knocking the people that give signals, but at the same time, it's just the fact that it's real.
	Versus teaching the person how to actually fish, they could actually make money for the rest of their life at that point, which means that you're giving that value to them by just paying a little last fee.
	Like, you do anything else.
	In college, you pay a little fee.
	Same shit.
	Was the reason for that because it's, I guess, easy to copy Forex trading with signals?
	Is that why it was such a...
	Because it was like an explosion of popularity from 2020 to 2021.
	I remember everyone was doing it.
	People were copying signals.
	Everyone was like, oh yeah, I'm going to go ahead and get a MetaTrader account and trade Forex and everything else like that.
	And they'll kind of just copy trades, but no one actually knew what the hell they were doing.
	Well, the thing about copy and trade is this right here, I feel like.
	It's just the fact that, you know, you don't know what that trader is thinking.
	A lot of times, like, you know, it could be just a scalp.
	It could be just a swing trade.
	It could be just a position trade.
	Like, you don't know what, like, the motive for that trade is.
	So a person that does signals, it's cool for, you know, a temporary amount of time, but you don't truly know what that trader is actually thinking or what their motive is for that certain trade.
	You know what I'm saying?
	Which is kind of, like, hurtful, too, because one person could have made money and one person could have lost money.
	Gotcha.
	Based on what the motive for that trade was, it could have been the scalp, but they thought it was a swing trade.
	You know what I'm saying?
	So they were probably in profit for a certain amount of time, and then by the time that that person actually got out of their trade, the other person held the trade, and now they lost.
	Gotcha.
	You know, so it's...
	It depends on what the motive for that trade is.
	And you're constantly watching your phone for signals and you're not...
	Yeah.
	Versus actually analyzing on your own time and that kind of shit.
	It's all on you at that point.
	But I feel like one of the big reasons that Forex trading in specific blew up because trading has been around for years, 20 years.
	No, decades.
	Forex trading in specific, I feel like it blew up because the entry level was just a lot cheaper to get in versus stocks.
	Because when you go and you're going to open up an account to trade options like TD Ameritrade, you're going to fall under the PDT rule.
	If you don't have above $25,000 to actually trade, then you're going to be so limited on how you can actually trade.
	Versus Forex, I mean, there's so many brokers, you deposit $100 and you have no limitations on how you're going to trade, which is a big reason why I feel like Forex blew up.
	You now have brokers, well, back then, there were brokers that was offering like $3,000 to one leverage.
	Yeah, it was ridiculous, bro.
	That is fucking crazy.
	Ridiculous.
	You know what I'm saying?
	Can you explain what that is specifically and how that works?
	It gives you the ability to pretty much manage more money without having the actual capital.
	Oh, wow.
	Pretty much.
	So you essentially, you put $1,000 and they'll give you $3,000?
	No, but let's say if you have 1 to 1,000 leverage with a $1,000 account, technically you could do max 33 lots that would actually execute, but you will be in full margin once you actually execute, but you have the ability to do that with a 1 to 1,000 leverage.
	That means that you could go super, super hard without having the full capital, pretty much.
	But if you lose, then you get into a negative.
	Yes.
	It can happen.
	It can start owing them a lot of money.
	At times, yes.
	It can happen, yeah.
	Depending on how the broker is actually set up and everything.
	That's scary.
	You can go negative, though.
	You can go negative on certain brokers.
	I'm going to use my real estate mind real quick, because this is a different world for me.
	So you're basically borrowing money from the broker to, I guess, I don't want to say wage.
	Leverage?
	It's being done simultaneously, so you don't really see the transactions and that kind of stuff, but technically, yeah.
	Yeah, so you're borrowing money from the broker to go and take a more, I guess, bigger position, which might yield bigger profits, but also might yield bigger loss.
	And if you lose that money, aka their money, you are on the hook to pay them back.
	If it hits hard, you could actually close early and not be in a negative, but let's say if you're that person that's pretty much going super hard on that account that is in full margin and that kind of stuff, and you're using max leverage, and a big news hit, like CPI news or that kind of thing, and all of a sudden it gives you the ability to now go negative in your account based on just how aggressive that news event is.
	It's basically gambling at that point.
	It's literally gambling because you're not even focused on the probabilities at that point because every single trade you take, there's a probability behind it.
	At that point in time, you're not even focused on like, oh, hey, you know what?
	I probably have a 40% chance of losing this trade, but I'm still going all in.
	It's ridiculous.
	Don't get me wrong.
	I've had those times that I just went full march effort because I was a beginner in the game.
	Of course.
	Every now and again, I would have my main account, but every now and again, throw a couple hundred here, and then I used to go crazy just to see what happens.
	That was in the beginning stages, having fun.
	You know what I'm saying?
	People get too caught up on trying to be super disciplined with every single thing.
	You can have a little bit of fun, too, and be a little bit risky at times, too.
	Is the key, I guess, to put money in that if you lost it, you wouldn't flip your mind?
	Correct.
	Don't put in money that is pretty much going to pay your mortgage or your rent or your car payment, that kind of stuff, because that money is vital.
	You know what I'm saying?
	To your lifestyle and that kind of stuff.
	But extra money that you don't mind losing, that could actually be gone and you don't care about it, that's the kind of money that you should invest in.
	And then also at that point in time, if you're investing money that you can't afford to actually lose, you won't even be able to trade with Clarity to begin with.
	So you're already making a poor decision off the bat before you even took your very first position.
	And even if you're not in a trade, the money that you have in your trading account is still at exposure to risk because it only takes one day, one bad trade to wipe out that entire account if you have a poor risk management system.
	When I tell people, if you're going to deposit money into a trading account, you also have to consider that money until you withdraw it from the actual brokerage and you realize those gains and you put it into a checking account completely separate where you can't actually take positions.
	That money is still very well at risk.
	Because it's not your money until you withdraw the money, pretty much.
	So you guys mentioned emotion.
	That's a huge thing in trading, right?
	Probably the biggest thing.
	So controlling emotion is going to be paramount.
	Yeah, man, because I feel like you're dealing with money.
	You know what I'm saying?
	Everybody's emotions come out when it's money involved in some kind of way.
	It could be small money, it could be big money.
	It doesn't matter what it is.
	You're still dealing with money that could actually make a change in your life in some kind of way.
	Okay.
	So, yeah, you have to kind of like, you know, just hone in on your emotions and like not actually get too caught up in like being impulsive on the charts, you know?
	That's because you're seeing money fluctuate and that kind of shit.
	Yeah, that's kind of nerve-wracking.
	All right, let's do some chats real quick and then we'll hop back into questions.
	Yeah.
	No, very interesting stuff.
	Different world for me, man.
	Yeah, yeah, yeah.
	It's complex.
	No, no, no, no.
	It's cool.
	I mean, I think it's great for people to learn different things.
	But see, to me, I need to mentor 100%.
	Oh, yeah.
	For something like this?
	Bro.
	You can't do this by yourself, bro.
	Hell no.
	No, sir.
	Hell no.
	John Doe donated $10.
	Which pair would you guys recommend for beginners?
	Well, I had mentioned earlier.
	A-U-U-S-T? Odd USD or USD JPY, you know what I'm saying?
	Based on the amount of information that's out there nowadays, I feel like you could actually gain a good amount of information to not have to go on the slowest pair, but you could probably go on a moderate pair that could actually have some kind of fluctuation that's good enough to actually make some decent money.
	And learn at the same time.
	I don't know.
	I would say it really depends on what you're trying to trade.
	If you're trying to trade cryptos, if you're trying to trade stocks, if you're trying to trade Forex, commodities, I would probably focus on something that moves a little bit slower, that has a little bit less volatility, because it'll be a lot easier when it comes down to decision-making time.
	Can you guys give us one pair for each discipline?
	So you started with AUD, USD, JPY, USD? Yeah, because I started on currencies, like actually focus on currencies for a good amount of time.
	You know what I'm saying?
	I don't try to recommend much on indexes for a beginner because it's such an advanced fear.
	It could slap you up.
	You know what I'm saying?
	Make a person cry type of shit.
	So don't even touch it.
	What about crypto?
	Cryptos also.
	Cryptos is very, very spiky and that kind of stuff.
	I feel like it's not really...
	There's a lot of consolidation, too.
	It's more emotional-based.
	It's not like actual fundamental news-based and that kind of stuff, like how currencies are and that kind of thing.
	So with currency, I feel like it's a bit more stable.
	Okay.
	So the fact that you'll see movement each and every single day with a currency pair.
	Gotcha.
	So for beginners...
	Learn, put the training wheels on with the currencies.
	Get the foundation right and that kind of stuff.
	And then eventually start to upgrade your different assets and that kind of stuff over time.
	Commodities as well as advanced you would say?
	Commodities is pretty slow.
	Like I said, I did oil when I first started also.
	Oil and then gold eventually.
	But oil was very, very slow back then.
	I haven't seen or even seen anybody trade oil in years.
	But back then, that's what I actually trade for.
	A couple weeks and that kind of stuff.
	But I would only recommend currencies to start off though.
	Gotcha.
	Okay.
	What else do we got here?
	Guys, yeah, get your questions.
	You got two experts here.
	Yeah, literally.
	That are the best in the game.
	W Ron goes, can these guys show P&L broker statements for the last 12 months from a broker they don't own?
	If you've been in FX for years, you know these guys are marketers and course sellers, not traders.
	Elfresh, don't destroy Myron's rap.
	Definitely not.
	That's a funny thing is because despite how much money that we've withdrawn and traded for and that kind of stuff over the course of years and years and years and years, people still hate on the fact that we still give good education also and we have tons of students that's also making money inside the market as well.
	So people ignore the whole fact of we also trade ourselves, we also withdraw ourselves, we show tons of profits, but they always go back to the whole course stuff.
	It's wrong to have a course.
	It's wrong to give your information away.
	The moment you got a course to what you're doing, it's wrong.
	Yeah, yeah, yeah.
	Everyone's already automatically acceptable.
	Because I've met people that have done your course and they've made thousands of dollars.
	Not even that.
	Last year alone, I had two.
	My official first course, the one I gave to you, I've only had for a year and a half open.
	And I've had two students completely quit their nine-to-five jobs and become full-time day traders.
	One student, he was making like $80,000 a year.
	He made that in two months.
	And I'm not saying that it's something that you just go take the course, you're done, and then you're automatically making money.
	They put in the work.
	But I provided them with the foundation and the platform to be able to execute on their trading system.
	Yeah.
	Not even just that.
	And I mean, when it comes to like the whole withdrawing your profits and everything, I've been as transparent on my YouTube channel as much as I possibly can.
	Like literally showing you, hey, this is my trading account.
	I'm going to show you the withdrawal and internal transfer from my trading account to my wallet, from the wallet inside of the broker to then it going to...
	I've seen it.
	And it doesn't matter.
	It doesn't matter.
	You can show everything.
	I've shown everything.
	It doesn't matter.
	There's always going to be people that pretty much once a person is selling a course, they're a scammer.
	It doesn't matter.
	You could make all the money in the world and everything.
	Mind you, if a person was just depending on course sales, the lifestyle could not be maintained.
	That's like one car.
	I've met you guys multiple times.
	I've seen your lifestyle.
	You can't fake that and courses can't pay for that.
	I'm telling you.
	That's too exorbitant to be from courses alone.
	It wouldn't be sustainable.
	It's what we signed up for.
	People hate It is what it is, you know what I'm saying?
	It's part of it, to be honest.
	It's part of it.
	Once you're in a position, the person that pretty much says all that is normally the person that pretty much either can't afford it or the person that just, you know, just failed.
	It's like, there's so many things that I've also personally done as well.
	Like, there's just one company...
	FTMO, one thing that's huge in the trading space, which is absolutely amazing, is funding, prop firm funding.
	And FTMO had been out for years, even probably around the time I started trading that I had no idea about.
	So they were even open before I even knew about what trading actually was.
	I went on there, and with their super tight limitations and restrictions on the risk parameters that they have, I was still able to make $100,000 in a month.
	That's just off of one payout.
	And people are still skeptical about that.
	So, I mean, it's at the end of the day, like, a lot of people are, especially when it comes from hate, a lot of people just are in a situation where it's like they're not making those same accomplishments or anywhere near.
	So they're trying to kind of, like, deflect their failures onto other people and saying, oh, no, it's not possible.
	He's not really doing it like that.
	Yeah, but it's like, I believe it.
	It's like anything else, right?
	In college, you take a business course, right?
	You're trying to actually learn a business in some kind of way.
	And that teacher that's teaching you that a lot of times don't have a business.
	Yeah.
	So that makes them invalid, right?
	Same shit!
	You know what I'm saying?
	It's the same exact thing, bro.
	At the same time, we are good at what we do, so we're actually giving back our knowledge in some kind of way so another person can actually find value in it.
	It's interesting, because if you just did it yourself and didn't teach anyone, they would say you're selfish.
	But then if you do a course, then they say you're a scammer.
	So you really can't win.
	It doesn't matter.
	It doesn't matter.
	You're always going to get the backing up of the stick every single time.
	Because y'all got a bunch of free content on y'all channels.
	It's tight below, guys.
	You can watch their stuff.
	I've seen their stories.
	No worries.
	When they do withdrawals, I'm like, holy shit.
	That's crazy money.
	But you show it!
	I've even gone as far as showing step by step and even showing the withdrawal hitting my bank account and showing a bank statement.
	And people are like, nah.
	It's fake.
	It's just ridiculous.
	But not even that, bro.
	We don't even have only paid education.
	A ton of free education as well.
	On YouTube as well.
	And I even show live trades like, hey, this is when I'm entering a position.
	Like, there's so much transparency that I have done that he has done as well.
	And I mean, people are going to be...
	It is what it is, bro.
	That's what we signed up for.
	They don't have the lifestyle, so that's what it is, bro.
	Fair enough.
	Alright, who's next?
	We got here...
	Who's up next?
	And guys, get your questions in now, man.
	Again, fnfsuperchat.com to superchat your question and we'll run it in.
	Shout out Raul Alex G. Shout out to you, Anonymous.
	20 bucks.
	And then it goes here, Fly Low says, Myron's face on last after hours was priceless when Mo revealed the Instagram.
	Shout out to y'all.
	I was 5'10", 250 pounds, 32% body fat a year ago.
	After my motorcycle accident, I hit the gym now.
	I'm 250 pounds with 20% body fat.
	20 pounds until 50% body fat.
	Keep it up.
	F the haters.
	Yo, shout out to you, bro.
	Hey, man, no excuses.
	That's what I like to see.
	You got it, bro.
	Tyler Durden goes, not to get all dark and ish, but there was a 20-year-old kid that was trying to learn option trading on Robinhood and got his account and his account ended up with negative 100k.
	He ended up self-deleting, but he didn't realize he didn't really owe that money.
	I've seen that, actually.
	I saw that, too.
	That was a glitch on their system.
	Wow.
	That's unfortunate.
	But then he took his life and everything and that kind of shit.
	Dude, does Robinhood suck because I've only heard bad things about Robinhood.
	Don't buy a crypto on it.
	It's a terrible platform.
	We've heard bad things about it.
	It's not even that.
	It's just a platform that was kind of like out before it actually got real big as far as like in the niche and everything.
	The niche is now starting to blow up in all kind of ways, but Robinhood was kind of like the more simple platform.
	Like, hey, deposit here and then like they'll invest for you and that kind of shit.
	It wasn't like you're investing like trading like how we're investing.
	Would it be fair to say that it basically was built, but the infrastructure couldn't keep up with the demand?
	I think it was more for just the people that didn't want to do anything or even learn anything.
	Just put your money here, and then they'll just work for you and that kind of shit.
	So at the same time, that's probably what he did, and then all of a sudden that happened.
	But he wasn't actually trading like how we're trading the charts.
	Did he put it on some robot or something?
	No, it's just a platform that pretty much shows data, but...
	It shows the names of everything.
	It shows no kind of charts on there.
	There's no charts or technical analysis and everything on a Robinhood platform.
	I think Robinhood is different now.
	Because I've seen people actually execute.
	You could trade options on Robinhood, yeah.
	That's fucking crazy.
	It's more like a beginner-friendly platform, in my opinion, compared to us opening up an account with...
	You don't have to go along with...
	Complexities of, like, the terminology and that kind of stuff, because they pretty much make it super easy for you.
	Gotcha, okay.
	But it's not the platform for, like, a big trader type shit, you know?
	Gotcha.
	For beginners, basically.
	Yeah, we want to actually execute our own trades, like, analyze our own trades and that kind of stuff, and, like, you know, that's what we...
	That's what we do on other platforms versus Robinhood.
	I feel like it's just, you know, invest here, invest here, like, choose, like, how you plan on investing, aggressive, moderate, like, that kind of stuff.
	Yeah, it's basically training with training wheels on, but, you know, you're not able to invest the way you really want to with the same level of veracity or, you know, expert, because they're dumbing it down and putting training wheels on you.
	So if you want to go fast, you can't.
	Super training wheels.
	Yeah.
	Yeah.
	Okay.
	And we do got the chart, by the way, here.
	We'll pull it up for y'all in a second.
	Sorry, can you say something?
	Hold on, go ahead.
	Oh, okay.
	We got here, Better Life, 50 bucks goes, Hey, FNF, I just left a delusional woman today.
	I showed her the episode with Myron kicking out the 304s for disrupting his girl and watched her agree with the girls.
	I felt so disgusted with her.
	Thanks for teaching me how to vet these hoes.
	Shout out to you, bro.
	What are y'all thoughts on my Forex fund?
	It's just unfortunate.
	Yeah, I think it's an unfortunate situation.
	What happened?
	They were basically like an online prop firm, right?
	And people could go on, you take a challenge, you pay like, call it $1,500 and you can get access to like a $300,000 challenge account, essentially, after passing a verification phase and you can make money under your funded account and then keep a certain percentage of the profits.
	That company got so large, they ended up getting shut down and a lot of people...
	We're pending payouts and had funded accounts with them.
	They had a lot of like this pending money.
	Yeah, yeah, yeah.
	Who shot down?
	The government?
	Yeah, but on the back end, they were actually like manipulating shit.
	Like they were so big that people would not question anything at all.
	You know what I'm saying?
	Which was kind of bad also.
	FTX, huh?
	Literally.
	It was so big that no one questioned anything.
	They pretty much trusted that platform to the point that that was one of the biggest prop firms.
	And then eventually, when it come down to it, they were fucking everybody.
	Wow.
	They had a $300 million lawsuit, right?
	They made $300 million, but then had all of their assets seized.
	Everything is frozen.
	They made $300 million.
	But the dude that pretty much owned it was going crazy.
	He was buying a Bugatti here, a couple houses here.
	He was doing all kinds of shit.
	It got caught up.
	So there's customers that still didn't get their payouts?
	No, the company shut down.
	The CFTC froze their people.
	If you just bought a program from them the day before that, that money's gone.
	Wow.
	All of the assets are frozen.
	Every single person that had any kind of money within that platform is done.
	SEC just shut them down.
	Wow.
	Okay.
	So it's kind of fucked over a lot of people at the same time.
	There's a lot of people that were pending, you know, probably huge payouts, you know, $20,000, $30,000, $40,000 could have changed their lives and, you know, all the assets are frozen.
	Wow.
	So he can't even pay out the people?
	No, nothing.
	The company's gone.
	Wow.
	So what?
	It doesn't go to say that like, you know, prop firms are bad, but it's just that the fact that that company was, they had bad intentions.
	You know what I'm saying?
	Yeah.
	But prop firms are still good.
	It's still a great opportunity for people that don't have capital and that kind of stuff.
	But at the same time, like, you know, that company is that company.
	It doesn't go for the entire industry.
	How do you know who to trust?
	Like, what's a good sign?
	So, I'm very, very big on having a face.
	You know what I'm saying?
	Like, he's the face of his brand.
	I'm on the faces of all my brand's top tier, Wall Street Academy.
	Any brand I'm pretty much promoting in some kind of way, I try to be the face of it because I want to know that, like, my rep is on the line in some kind of way.
	You know what I'm saying?
	But when you look at it, Like, my Forex fans, like, there was no kind of face towards it.
	You know what I'm saying?
	It was a person that pretty much was, like, in a corporate office and that kind of stuff.
	Like, there was nothing.
	So, you can't really trust that kind of company, I feel like, because a person can't come out and say, like, yo, I did wrong, blah, blah, blah.
	Like, this is going on, that, you know?
	There's no face to the case, basically.
	There's no face at all.
	Which kind of, like, messes everything up, I feel like.
	Because a lot of the things that's going on now...
	Nowadays, in our niche, we have basis to a business.
	That makes the person trustworthy in some kind of way based off their previous business.
	They can see you, everything.
	What else we got here?
	I'll finish reading these.
	Tony goes, what?
	AQs?
	What are Qs and Raul's thoughts on the Candlestick Trading Bible?
	And also, shout out to Q on this funding program, Top Tier, just past Tier 1.
	Congrats, congrats.
	So, the Candlestick Trading Bible, personally, I've never ever read it.
	The only book that I've probably even read a couple of chapters of is...
	What was it?
	Naked Forex?
	And that's about it, really.
	I never really read much trading books.
	It was more just all experience and shit on actual charts.
	You know what I'm saying?
	One book that I liked the most was probably Trading Like a Casino because it really helped me adopt the finding an edge inside of my trading system and really adopting that probabilities mindset and knowing that I'm not going to win every single trade.
	That's probably one book I would recommend.
	Another book would just be a lot of books on trading psychology.
	To be honest, because to me, reading and understanding price action is a skill that can be developed over time, and so is technical analysis.
	But you really have to understand the mindset behind trading, because if you don't understand the mindset behind trading, you don't have a risk management system, then essentially you're going to be going in blind.
	You could just be borderline gambling there as well.
	I'm still waiting for your books, guys.
	Eventually, eventually in time, honestly, like when the time is right.
	Would it be, because I noticed that there's been a lot of comparisons to gambling versus trading during the course of this discussion.
	Would it be fair to say that the thing that differentiates someone from being a trader versus a gambler is having stop losses in place, education, knowing what the hell you're trading in, understanding the commodity, whatever it may be?
	So on the most smallest, smallest, smallest, smallest, smallest...
	It's like it's educated gambling.
	You know what I'm saying?
	Like it's knowledgeable gambling in some kind of way because you're playing with money in some kind of way also and money is fluctuating just like how it does on the gambling table.
	But you have knowledge behind it so technically like your decisions are more calculated more than anything else.
	So it's not as if like your chances to actually win a trade is 50-50 all the time.
	Nah.
	It could easily be 90-10 depending on how good you enter in that kind of stuff and your analysis.
	There's a phrase in gambling saying the house always wins.
	Would you say that trading does not abide by that rule?
	I really don't think so, honestly.
	No.
	That's nice.
	At the most, the broker has their fees and everything that you've got to pretty much pay and swaps and that kind of stuff, of course, because that's the platform.
	But there's times that I've had a great trading week, a great trading month, and that kind of stuff, and the house didn't take anything technically.
	It's based on a person.
	Could you say also that maybe it's a layer of luck involved?
	I wouldn't say that.
	It's all skill.
	Bro, this is a skill game.
	It's all skill game.
	A person can definitely learn about trading yesterday and then all of a sudden start, they probably win a trade today, but how much or how long can they win trades?
	Got it.
	You know what I'm saying?
	They could probably win one or two trades and all of a sudden, yo, bro, I got it.
	No.
	And then all of a sudden they go on a losing streak.
	That money that they just won is going to be gone in the next 24 hours.
	Guaranteed.
	The thing about trading is it's very different and everyone is going to find success very differently in trading.
	There's people that could probably lose money for the first five years in a row but then on their sixth year they hit profitability and they make all of the losses from The previous five years back.
	Like for one example, my grandpa was teaching him to learn how to actually trade.
	He started three years ago and he lost for the first two years.
	And this year alone, he's made all of that money back plus an extra net $30,000 in profit that he's realizing this year.
	And he's an older guy.
	He's in his 70s, but he was able to capitalize off of that.
	So everyone, when it comes to a trading journey, it's going to be very different.
	Just, I guess, as a learning lesson for the audience here, what were some of the mistakes that your uncle made in those two years that had him losing?
	My grandpa, I'm sorry.
	I mean, it really just came down to just being a newer trader, understanding what trading actually is, really adopting that probabilities mindset, finding his trading system, his risk management system as well.
	It's going through the trial and error process.
	But the most important thing that I told him from the beginning is you need to have a tight risk management system and how you want to define your risk.
	Because if not, then a lot of the times it could be, you know, you're just kind of gambling and understand why you're taking these trades.
	Is the probability in your favor?
	Does your trading system have an edge?
	And then you move forward from there.
	Because if you can't tell me what your edge in the market is, if you can't tell me what your trading system is, if you can't tell me this is why I'm getting out here, if I'm right, this is why I'm getting out here, if I'm wrong, then a lot of the times it's like you're going in blank and you don't know what you're doing and you're going to, there's a higher chance of you to lose money.
	I don't want to say there's like a higher chance of you making money, but at the same time, it all It has to be very planned and systematic.
	Of course.
	Which is then, going back to what you said previously, it's like, you know what, there's a spectrum between gambling and trading.
	There's a huge spectrum and a huge differentiation between gambling and trading.
	If you tell me you're somebody that you open up a price action chart and you deposit it into a brokerage and you see price going up and you decide to take a buy because price is going up, I'm going to tell you, you're gambling.
	You have no reason as to why you're looking to take a position here and you're looking to take that buy position other than that you saw price action is going up.
	Versus if you tell me, hey Raul, I decided to take this position because XYZ reason.
	I decided to place my stop loss here with this much risk.
	And then I decided to take profit over here with a 2R plus multiple.
	Then I'm going to tell you, okay, that looks solid.
	It's calculated.
	You know?
	It's calculated.
	Remember, the biggest thing with trading I feel like is staying in the game.
	You know what I'm saying?
	100%.
	If you don't have any kind of risk management, I feel like you're not going to be in the game long.
	So you've got to be open with taking those losses and everything.
	If the trade goes bad, the trade goes bad, whatever.
	But the biggest thing is trying to stay in the game as long as possible.
	And not taking a risk that could actually take you out the game.
	You know?
	To blow your account and that kind of thing.
	You know what?
	I can tell people, see from you guys, they see the success.
	Well, bring it in their Instagrams real quick.
	They see the cars, the life, the success.
	They say, you know what?
	If I trade two, I can believe them in a short period of time.
	So, look.
	So, the biggest misconception with all that is that, like, you guys see the cars.
	Yeah, but remember, like, I mean, I've always said, like, I've been into cars since I was four years old.
	Yeah, me too.
	Like, what the fuck do you expect me to do when I have money to buy the cars?
	You know what I'm saying?
	I played car video games, and my garage on these car video games is not just one car.
	You know what I'm saying?
	Like, I have tons of cars.
	Same.
	In GTA, I had a whole lineup.
	So why would I not want to do that in real life if I have the ability to do so?
	Of course.
	It doesn't make sense.
	That's another reason why I got into trading, too.
	It's to fund my hobby, which is cars.
	Because, like...
	I feel like there's a big difference between having a passion for something and then obviously just wanting to flex.
	For me, I've always loved cars.
	I used to race go-karts when I was a kid.
	And I've always wanted the cars that, you know, I liked.
	And to me, you know, my cars is my passion, which is why I have so many cars.
	I don't just have one super nice car and then one regular car.
	So I could flex a super nice car.
	So I'm genuinely passionate about cars.
	And now that I'm in a position, a very blessed position, where I'm doing very well for myself and I can afford these...
	Accomplishments, goals, however you want to call them, I'm going to do it.
	And look, so the biggest thing is people judge how we spend money.
	You know what I'm saying?
	If Fresh spends money way differently than Myron spends money.
	You know what I'm saying?
	Two different worlds.
	But it's the same concept, though.
	You know what I'm saying?
	So people that pretty much hate on how we actually spend our money, it's because they would have probably spent the money differently.
	Or they want to invest in real estate.
	They want to flex.
	It just depends on the person.
	I think I'm barely even fully leveraging what I'm able to do to the full ability.
	But at the same time, I get to a point in my life that I fund what I'm passionate about.
	I'm actually funding my lifestyle based on what I'm actually interested in.
	Versus if a person that pretty much gets to a certain point, and they have the money to do everything that they always spoke about, but they get to a point that they don't even do it because what other people would think of how they spend the money.
	Fuck everybody else.
	Spend the money.
	Spend the money however you want to spend your money.
	You made the money, so spend it however you want to spend it.
	Yeah, because I mean, what's the point of making so much money if you can't even enjoy it?
	That's what I'm saying.
	You're going to die anyway.
	Life is about experiences.
	Everybody got the same stop loss.
	And listen, I'm going to live this shit up for the meantime.
	You know what I'm saying?
	So that's what it is.
	So speaking of cars, I got to ask a question.
	How many cars have you had from the very beginning till now?
	And then your top two cars you would like to drive are the best cars you would say.
	How many cars you've had and what have you had?
	So, I mean, the cars that I've got rid of was in total cars from the start.
	Yeah, from the start.
	Probably about a good 17 cars, I would say.
	Damn!
	But now I only have like nine cars and four supercars.
	What are they?
	Well, what?
	All the nine cars?
	Yeah, if you remember, because you might forget.
	Oh, yeah.
	I did this yesterday, actually.
	My 1998 Toyota Supra MK4, my 99 Nissan Scala R34, my Ferrari A12 in Largo, my Ferrari Pista, my Lamborghini SV, my Lamborghini SVJ 6.3, my Escalade, my G-Wagon, my M3, and my truck that I have.
	Yeah.
	I'm good.
	Okay, and top two favorite cars.
	Top two, Pista.
	Pista and SBJ, bro.
	You're talking about a car that pretty much does everything, which is the Pista.
	Like, it's the most fun car, I personally think.
	And then you have the SVJ, which is pretty much just like a very obnoxious car.
	You know what I'm saying?
	It's very just out there.
	Yeah, it's crazy.
	100%.
	And you're very loud.
	Yes.
	And he has the same car, so I'm pretty sure he would definitely be on the same track.
	Fuck, I mean, over the course of time, I've definitely had a lot of cars.
	I mean, just in like McLaren's alone, I've owned three 600LTs.
	So, I was...
	Wait, what?
	Yeah, yeah, yeah.
	Three 600LTs.
	You can't make up his mind.
	Yeah, no, no, no.
	What the...
	Yeah, yeah, yeah.
	So like, the thing about a lot of cars too, I've seen them as opportunities.
	So some cars I would get in and then I would sell really quick to either break even or I make money on top.
	Which is smart.
	I mean, in total, bro, I've probably had over like 30 cars that were mine.
	Damn.
	That were mine.
	And then...
	Top two?
	I mean, what I have...
	Top two, yeah.
	My top two.
	I mean, what I have right now too is...
	I have an SVJ. I have a Pista.
	Juris Perfamante, Rolls Royce Cullinan, and then I bought my wife a G-Wagon.
	My top two is also Pista and SVJ, which is why I bought it.
	This is my second time also owning a Pista, too.
	I'm telling you, bro, it was mine.
	He gave the version of you to Spanish.
	That's it.
	He gave it to the same, bro.
	What the fuck?
	I think that we're pretty much doing it for pretty much every single category.
	I'm doing it for the people that's black.
	That's Hispanic.
	That's what it is.
	But at the same time, I feel like we're pushing our people in some kind of way as well.
	You know what I'm saying?
	And showing that there's ways out.
	You know what I'm saying?
	See, I'm not a traitor.
	You guys inspired me to want to live my lifestyle.
	And it's kind of like, yes, you should obviously invest your money, but it's like, yo, when you're a kid, you have dreams you want to fulfill, and it's like, why not do it?
	Why are you still living?
	People are scared, bro.
	That's the thing.
	I feel like it's the fact that we're actually living out the things that we've always dreamed about ever since we were a kid, and we're doing well.
	You know what I'm saying?
	And not fully leveraging what we could do.
	And we're still managing with everything.
	And mind you, like, the cars that y'all see now and that kind of stuff, it's not like it's gonna be a rental and that kind of stuff.
	It's like, I see the comments and everything.
	People always hate me.
	Yeah, yeah.
	But, mind you, despite me showing...
	Can you even rent those cars?
	No, no, no, no.
	Despite me...
	Can't rent those cars.
	Despite me even showing a folder full of titles, it doesn't...
	Like I said, it doesn't matter, bro.
	Yeah.
	People always have...
	Bro, I've even posted on my story so many times.
	You can even fix a problem that people complain about.
	They're still gonna complain.
	Bro, fresh, you understand, bro.
	There was one day, I remember I went on my Instagram story, and I grabbed each one of my registrations off my cars, and I grabbed my Amex, and it shows my company name, and on the registration of the cars, it shows the exact same company name that's under my name, and it's like, nah, still renting.
	It's like, okay, cool, yeah, I'm renting an SVJ that I've had over a year.
	I'm paying $30,000 a month for an SVJ. It's ridiculous, bro.
	If you were supposed to rent These cars, technically you're paying more money.
	That's what I'm saying.
	This is very true.
	It's ridiculous.
	Yeah, yeah, yeah.
	First, you can't rent these cars.
	And secondly, if you do rent them, it'd be way more.
	A lot of the times, you can rent the entry-level supercar.
	You know, but when you're talking about SVJ, when you're talking about Pista, Mike Cullinan has my name engraved on the card.
	It literally says, Raul Gonzalez, handcrafted in England.
	And it took me two years to get that card.
	I waited two years for it to be built and delivered.
	I just realized, bro, when you live a lifestyle that people want to have, but they don't have it, they do hate on you, and they project their hate and all their inadequacies onto you.
	And it's crazy because if you can face all the problems that they have with you, it will never be enough.
	Never.
	But that's why, like I said, we do our part in the community at least to say, you know what?
	We're giving our value back in some kind of way.
	If you want to take it, you take it.
	Cool.
	But you can't say that I'm over here balling and not giving out any kind of tips.
	Right.
	You know what I'm saying?
	We're giving out a lot of tips each and every single day on YouTube and Instagram and that kind of stuff.
	So while we're living, we don't feel guilty of living like how we want to live based on we know that we give our value.
	Exactly.
	Bro, I get DMs all the time of literally saying, Yo, Ro, thank you so much, bro.
	You've literally changed my life.
	I just got funded and I ended up getting my first $20,000 payout.
	It's like, from the education I provide, this individual made $20,000.
	That's just one of hundreds.
	That's life-changing.
	That I've received.
	It is.
	It is.
	Just like my student, bro.
	I actually had one student recently.
	This was back in...
	March, who he sent me a DM. Random one day.
	He's quiet.
	Right?
	Never seen him in the chat.
	Never talked to my Discord before.
	It just smacks everybody with a $54,000 payout.
	This is a college student, bro.
	22 year old.
	$54,000 in a month.
	That's life changing money.
	In college?
	Oh yeah, that's life changing.
	And you're talking about this as an individual who at the end of the day, put in the work.
	And again, like people can look at it two ways.
	It's like, oh no, that guy's payout was fake.
	You know, this is not blah, blah, blah.
	But then that's just their own insecurities of them trying to project on that individual because he was able to do it and he might be younger than you.
	He might be older than you, but he was able to do it.
	And maybe some individual still hasn't done it yet, you know?
	And then the question is, what's your excuse?
	But they don't have any.
	That's valid.
	They always say that they don't have time, but listen, we all got the same 24 hours, so hey, it's how you use it.
	It's your 24 hours.
	You know what I'm saying?
	You choose how you use your 24 hours.
	Big facts.
	We've got some more here, and then Rumble as well.
	Okay, and then from this point forward, we'll go, what, 20 and up?
	20 and up.
	Alright, so I'll read these ones that came in before.
	Okay, words of Rizdom goes, big shout out to Raul and Q, setting the bar high in the industry.
	I just did a podcast with him too.
	TradeBeginner goes, which broker do you guys suggest?
	I tried Athens Market for a few months, but I was thinking of trying someone different through TradingView.
	That's perfectly fine as well.
	There's a lot of great brokers on trading people, so it really just depends on what you're trying to trade, to be honest with you.
	Okay.
	And then we got JC Garcia, taxes for full-time day trader.
	How do you do an LLC? That's a good question.
	Well, it's a bit more complex than that, but I feel like, yeah, definitely have a business account, because as you're withdrawing your profits, that could be considered as business income.
	Trading is a business.
	You can invest into different trading software such as trading journals that there's a monthly subscription for.
	Your office setup is also all a write-off as well.
	And depending on if you trade...
	And the cars too.
	That's different.
	Not really.
	Not like trading specific.
	Okay, okay.
	Separate.
	And yeah, some trading taxes are all taxed differently.
	If you trade Forex or Futures, you get taxed at a 60-40 split as well.
	You can use it for marketing?
	Or no?
	What?
	The car?
	Depends.
	Well, it depends on what car.
	For example, my G-Wagon is in my business name because I actually drive that car every single day.
	So technically, that's the business expense.
	You know what I'm saying?
	Okay.
	Certain cars, like my Lambo and everything, definitely not, I feel like.
	It's going to be like a no-brainer.
	It's a sketchy situation.
	It's very, very sketchy, but I feel like It is possible to do certain things, but not every single car qualifies.
	But you buy your cars in cash, right?
	Majority of my cars.
	That's why I have a lot of titles.
	You know what I'm saying?
	Personally, because I feel like if you're trying to buy a car that costs a million dollars and that kind of stuff, if you can't even put down at least 50% of the car or even pay it off, then wait it out.
	Because the worst thing that you can do for a supercar is to have a big-ass bill every single month.
	That's a headache.
	You know what I'm saying?
	20k for a car.
	What?
	That's a lot of fucking money.
	That's crazy.
	Versus $2,000 or $3,000.
	That's cool.
	That's light work.
	You know what I'm saying?
	It's doable.
	Yeah, it's doable.
	Definitely.
	Okay.
	All right.
	Let's see here.
	We got Tony goes, opinion on student loans.
	Do you guys think it's a smart move if I go into debt to get a degree that is really in demand and pays really well?
	Six figures in the medical field.
	I live cheap and I'm really disciplined with money.
	Could pay it off fast.
	Well, I feel like this right here.
	Like, I was going into the medical field at one point in time also.
	You want to be a doctor, bro?
	No, a nurse, actually.
	Oh, shoot.
	Yeah, and then I was going for a physical therapy assistant and that kind of stuff also.
	Before I said, F it, you know.
	So, the thing with that is that I feel like there's too many opportunities out here nowadays to then, you know, spend four or five years or six years into, like, a field that only makes six figures, that you're going to be pretty much working probably 70% of the time anyways.
	You know what I'm saying?
	Versus actually trying to take advantage of, like, you know, a program or, like, you know, a trade in some kind of way to actually make those same six figures in a short amount of time.
	I'd rather nowadays pay for a course and learn the skill than go to school and spend four years, bro.
	The courses are still underrated.
	It's crazy to me.
	Like, you're learning something that took the person that pretty much is teaching it in a couple of months at times.
	You know what I'm saying?
	Yeah.
	So, I mean, yeah.
	Like, people...
	Honorate courses based on who is selling the course.
	The fact that people honorate, even me, because I don't look like a professor, but have a shit ton of fucking knowledge, and I made a shit ton of money, but also I made other students make a shit ton of money as well.
	You know what I'm saying?
	People don't even look at that aspect of things.
	So they judge the person on how their appearance is to see if they can learn from that person based on how that person looks, which doesn't make any kind of sense, because they can have all the knowledge inside the world and everything.
	It's true.
	Yeah.
	We got...
	What else we got here?
	Okay.
	Kai is the guy.
	As knowing Raul directly, he is definitely one of the best traders in the game.
	I lost my job back in 2019, and he paid my bills for six months, helping me get back on my feet.
	Don't ever sleep on him.
	All love, bro.
	KY, keep going.
	Oh, wow.
	I haven't heard from you in a while.
	Love.
	Shit.
	Shout out to you, bro.
	Elnawa goes, Raul and Q are my boys.
	Love to see two legends coexist.
	Yeah, absolutely.
	Dude, when I saw you guys take a picture together, I was like, yo, I need you two on the podcast, because that's legendary, bro.
	I mean, like, I see him every now and again.
	Like, he just busy.
	But I don't see you guys, like, together like that, though.
	You feel me?
	Like, you guys be doing your thing.
	Yeah, because I remember, like, he got his thing going on.
	Like, I got a bunch of companies and everything I'm trying to run.
	So I feel like we're both busy.
	But when we get caught up, it's all love, of course.
	You know what I'm saying?
	Like, it's never every beef.
	But people just see it that way on Instagram because they just want to make something that's not really anything.
	You know what I'm saying?
	They try to start a bit of crap between you two.
	Sometimes you're a little bored, you know?
	Wow.
	But I feel like in trading especially, you guys are like brands and like people don't understand that you're your own brand.
	So it's kind of like, you know.
	Yeah, the name itself is the brand, but also like, you know, whatever company that we come out with, like our name is behind it as well.
	So like our name holds weight to whatever we even touch.
	Right.
	You know what I'm saying?
	Like any kind of brand, like his brands and that kind of stuff.
	If he opens up a brand new brand, like right now, like it's going to push based on who he is.
	Who he is.
	You know what I'm saying?
	So like that's, it's very important to actually just keep like a good face.
	That's true.
	Fair enough.
	And then we got here, JBX goes, we are both your guys' main confirmations you guys look for before taking a trade.
	Okay, what are both your guys' main confirmations you guys look for before taking a trade?
	I've been trading for two years now.
	Big fan of you guys.
	Well, for me, I'll say that I try to actually hit at least three or four confirmations depending on what type of setup I'm actually trying to look for.
	What is the confirmation?
	It's like certain things that you have to actually see before you even say, I want to execute that trade at that point in price.
	Yeah, sure.
	It's all part of your trading plan, your trading system.
	Yeah, so like, I mean, I'm looking at my time from correlation.
	I'm looking at how, like, my candlestick looks.
	I'm looking at how, even like how much volume is in that overall area of the market, if it's in a consolidation zone or not.
	It's a few things, you know what I'm saying?
	But it depends on the kind of setup, because I feel like, you know, every single setup that I do take inside a market is case by case.
	It's never the same thing.
	Yeah, it's never the same.
	Okay, so the difference.
	It's like a similar workflow, but...
	Different setups, I use different tools at different times.
	So, I mean, it's always at least, like, three confirmations, so I feel comfortable with even taking that kind of trade, knowing that it's a high chance that I'm going to win that trade.
	And that makes it not gambling, because you're taking calculated risks off of what you confirm.
	Yeah, so it's not like I see one confirmation, and then all of a sudden, I'm good.
	No, I need at least a couple, so it lines up and everything enough to say, you know, I'm confident on that surrender trade.
	Yeah.
	I mean- That's what differentiates it from gambling.
	Exactly.
	Yeah, yeah, for sure.
	I mean, everyone's going to go about their way in how they trade very differently.
	I mean, for me personally, it's like a combination of everything.
	It's not just like one or two confirmations that I need to see before I'm like, okay, I'm taking this position.
	It's like, okay, well, after doing my entire analysis, then it's like, okay, now I need to analyze the risk.
	What's the potential risk on this trade if I do lose money?
	And what's the potential reward?
	It's like, okay, you know, I'm not going to go into a position risking $20,000 to only make 10 or $5,000, you know what I'm saying?
	I'm going to go into a position risking $20,000 to try and make at least $40,000.
	That's like the overall objective and goal.
	But the thing about trading is that like price action trading is never going to be perfect.
	You know, you can go in with like a $20,000 risk, maybe pull out 15 just because price action came all the way back and hit a trailing stop loss.
	When it comes to my confirmations, you have your planned risk-reward ratio, and then you have your actual risk-reward ratio, which depending on your win rate will determine your profitability and the longevity or not.
	When it comes down to my price action confirmations, it really has to do with a lot of things.
	It has to do with supply and demand, the actual price action candlesticks themselves.
	Is price acting rejecting an area of that supply and demand level?
	Is price action trending, consolidating?
	It's a ton of different concepts that I need to put together in that specific situation because day after day, the situation changes.
	I do wish that we could have had a computer up here and then get on some charts and shit.
	You know what I'm saying?
	We got one ready here.
	His setup.
	We know like a trading view chart and all of a sudden do some shit, but that would have been cool.
	Yeah, but this is the platform that we mainly analyze on.
	Okay.
	For the main fact that it's great with data, it looks very, very clean, and it offers all the assets that we do trade normally.
	So, what am I looking at here?
	Right now, you're looking at USDJPY on the daily time frame.
	At this point in time, the market is a bit more bullish on USDJPY. It still has a level of resistance that's coming up within the next...
	I can't really see what it says.
	I can't read the price.
	I can't read the price, but it pretty much has a resistance pretty much, you know, not too far away from where it currently is, like right now, but it's still mainly on an uptrend at this point in time.
	Yeah.
	Shit.
	Yeah.
	I mean, I could go on all day about this, but no, I need, you know.
	I see gold, silver.
	It'd be better if the computer was right here.
	Yeah, I need, like, right now and then.
	I could do some shit, but I can't do anything.
	Okay.
	All right.
	Yeah, that's our, this is, like, our, probably, most of the day.
	It's a charting platform.
	You're on this most of the day?
	Yeah.
	Take us through a day...
	Sorry.
	I was gonna ask...
	I mean, we're big critics of the mainstream media.
	We think, you know, obviously there's a bunch of fake news on there.
	But it seems to me that the mainstream media plays a big role in this.
	How often are you guys watching the news?
	Well, see, like, I'm learning fundamentals.
	I'm more of a technical trader, which means that I don't really read...
	Fundamental analysis is too much, which means economic news and that kind of stuff.
	I don't really touch on economic news too much, but I'm very, very good at my technicals.
	So technicals meaning I'm drawing on the charts to pretty much pinpoint certain areas of support or resistance and that kind of stuff to then anticipate my next move in the market.
	That's how I trade.
	Is that more expert level stuff that you don't need to watch the news and you just kind of know?
	Not necessarily.
	I mean, there's different types of trading.
	You have people that trade solely based off of fundamental analysis.
	You have people that trade solely based off of technical analysis.
	You have people who combine the both that trade based off of fundamentals and technical analysis.
	Fundamentals of the news?
	Yeah, fundamentals is basically all types of economic data and world events.
	Yeah, but the bad thing about the only fundamental news is that they don't really understand a good entry opportunity and that kind of stuff.
	Because they're looking at the more broader perspective of the charts.
	Daily time frame, the weekly...
	They're looking all the way out here versus me.
	I'm pretty much on the charts.
	I'm on the lower time frame seeing a bit more data movements.
	Gotcha.
	So I have a better chance of having a trade that sees a bit less drawdown than that person that's pretty much zoomed all the way outside.
	Gotcha.
	Because they're more focused on...
	What might take months to actually play out.
	I'm more focused on what might play out in the next four hours.
	Gotcha.
	A day or two days.
	Because you're looking at it from a nuanced micro level, so you're able to really get into the details and see what the hell's going on and really analyze.
	There's a saying that says, you know, Have your bias based on fundamentals, but have your technicals or your entries based on technicals, which means that you're a bit more in tune with what is considered as a good entry and that kind of stuff based on getting a better risk to reward versus the person that's pretty much doing a fundamental standpoint.
	They probably don't even use a bigger lot size and that kind of stuff based on how much fluctuation might happen before that news might play out eventually.
	With me, I could actually up my leverage or up my lot size and that kind of stuff a bit more because I'm more on the charts.
	You do the work on the front end so you can take the risk on the back end because you know what you're doing.
	Correct, yeah.
	Because you know the intricate details.
	You've looked at the patterns.
	Okay, I'm very confident at this because I understand the nuances.
	I understand this pairing to a significant degree so I can go ahead and make decisions based on my knowledge versus relying on mainstream media or whatever.
	Keep in mind, if I learn fundamentals like how I aspire to learn it eventually, then I'll be a lot better.
	But at the same time, what is working for me has been working for me for years and years and years and years.
	So I'm not in a rush to learn something that's going to benefit me right now because I'm doing pretty well at what I do.
	It also depends too.
	It also depends on your trading system because if you're like a longer term trader where you're holding trades for days on days and weeks on weeks, then you're gonna have to be in tune with fundamental analysis versus someone like me where I'm looking to get in an hour of the market within the same hour, two hours, you know what I mean?
	No, scalping is within minutes.
	Yeah, that's a bit different.
	I'm looking to get out pretty much within like the first three hours of that trading session.
	Some scalpers take like 10 trades an hour at a time.
	It's crazy.
	But their risk is pretty big also.
	Let's say Elon Musk was like to say today, hey, you know what?
	Today I'm going to trade this option.
	Would that affect the market?
	It depends on what though.
	As far as an index and that kind of stuff, not really I feel like.
	But if it's like a crypto, they had those coins and that kind of stuff, yes.
	It'll affect that in some kind of way.
	Unless he's talking about something like Tesla where it's like major.
	On stocks.
	But it's not going to really affect the majority of the markets for the most part.
	He's powerful, yes, but I don't think that he could actually affect the majority of the markets.
	Something that would be more relevant to basically what you were saying would be like if Jerome Powell were to be coming out and he would be on a speech, depending on the type of tone he's giving, if he's giving like a hawkish or a dovish tone, it will definitely determine on, you know, you'll literally see it on the charts.
	Charts will absolutely go crazy.
	It gets affected immediately.
	Yeah, right away.
	Yeah.
	Every time the Fed has a meeting and raises interest rates, it affects the markets.
	Oh, for sure.
	So us traders, we look forward to those kind of news events because it gives us a chance to make big money very, very quickly.
	When that data comes out, especially if there's a big difference between the expectation versus the actual data that actually comes out with CPI and inflation, there'll be huge moves in the markets.
	I mean, some days the markets will have a crazy move up and then a crazy move back down.
	those are the days where there's a lot of volatility and those typically, when I do trade those days, which is very rare, I just tend to stay away and I trade on the days that it's just normal price action, is when I significantly take size off of the table and use a lot less risk because the market just moves so much in that same day, it's like I can catch a lot bigger is when I significantly take size off of the table and use a lot less risk because the market just moves so much in that Of the size.
	Versus going in on a regular day, I'll probably go in with a little bit more size because there's not as much volatility as when you see when the feds actually have a meeting or when CPI does come out.
	Okay.
	Yeah, like, for example, there are certain times that, like, let's say the market moves, let's say 1,000 pips in one day, and all of a sudden the next day it drops again.
	And then all of a sudden now it's all the way back up here.
	That's the kind of movement that you could probably see with interest rates and that kind of stuff.
	It'll go up.
	Go back down to where it started from and then pretty much go all the way back up.
	Are you trading on days where the Fed is increasing rates?
	I feel like I'm trading...
	Or are you kind of like him where you trade on normal days?
	So I know what days I have to watch out for.
	But majority of the time, I'm trading like right now.
	You know what I'm saying?
	But certain days, I know what to look out for.
	FOMC, NFP, CPI. I know those big news events that I have to make sure that I'm in tune with because I don't want to get slapped up out of nowhere.
	You know?
	That kind of thing.
	All right.
	But it gives us an opportunity to actually make money, though, which is cool.
	And let's say you decide to trade on one of these days where they're hiking interest rates or the Fed is having a meeting.
	I'm assuming you're looking at the charts all day and you're glued to your phone?
	Yes.
	That day?
	Yes, definitely.
	But it's a risk that we're open to taking, though.
	Of course.
	The risk is managed, though.
	You know what I'm saying?
	So it's good.
	I was going to say that at least my next question, because obviously trading takes time and focus and effort.
	A lot of effort.
	Take us through a day of what's, like, trading for you.
	Like, I know you lock yourself in, you focus on that computer screen non-stop.
	Yeah, so...
	Tell us how it was trading for you.
	Well, I started trading around, like, 7 a.m.
	through, like, around 12 p.m.
	So I'm, like, locked on the computer, analyzing the entire time.
	Probably analyzing for, like, about a good three hours.
	Damn!
	Yeah.
	But then if I'm in a position around 8.30, like, 9 o'clock, like, whenever, you know, like...
	The stock market opens and that kind of stuff.
	I'm pretty much good to the charts pretty much throughout that entire time period.
	So like if I'm in a position, I'm probably going to be looking at my phone the entire fucking day.
	Like if I'm leaving the desktop, I'm on my phone for the rest of the day.
	But I'm on the charts the entire time.
	So you're trading at like, you start at like 7am, finish at like 12 midday?
	Huh?
	You start at 7, right?
	Yeah.
	And finish at 12 midday?
	Average, yes.
	And then you're done?
	Every day?
	Seven days a week?
	Or are you five days a week?
	So with me personally, I trade a fucking lot.
	You know what I'm saying?
	I can probably trade like three, four times every single week.
	Okay.
	You know what I'm saying?
	As far as day-wise.
	So you're having days like this three times a week at least?
	Yeah.
	Okay.
	But those are days that like, yo, every single time that we get on the charts, we're prepping for that stress that comes with it.
	You know what I'm saying?
	Yeah, of course.
	To trade every single day...
	I feel like you're putting yourself under a lot of stress, which does make sense, and then you're pretty much going to be taking on things that you don't really want to take on at times.
	You know what I'm saying?
	At least three or four times a week that I'm open to, but I try to make sure that I'm disciplined enough to even wake up, I get on my charts for a couple hours at least, to try to actually make sure that I'm active and I'm in tune with what's going on in the market for you.
	You mentioned a very important word.
	You said stress.
	How do you manage stress trading, bro?
	Because that's heavy.
	Because you trade, like, what?
	$100,000?
	No, so, like, whenever I'm on the charts, I'm risking, on average, at minimum, $5,000.
	And then, you know, whenever I'm in my zone and, like, my flow and everything, like, my rhythm, like, each and every single trade that I take, on average, could be, like, up to $10,000 to $20,000 at times, even $60,000 at times.
	So how much money do you have in the market on a regular day for you when you're trading?
	So, like, all of my...
	Like my average account size is like around like 150.
	Okay.
	You know what I'm saying?
	So like I'm open to risking at times 20k out of that.
	You know what I'm saying?
	To actually make up to 40 or 60k, a one in three type of risk.
	You know what I'm saying?
	So like I understand like what I'm open to losing each and every single time that I'm getting in a trade based off of that account size.
	So, just so the audience understands, you have a trading account, which you have about $150,000 in there that you use to trade, and then you're placing trades throughout the day.
	You're locked in, it seems to me, for about at least five to seven hours.
	Yeah, but it's not like placing trades throughout the entire day.
	Like, it's a certain time period that I'm looking for a trade entry based on a setup that I'm looking for for that certain point in time.
	Gotcha.
	So, that might mean...
	Or even two, depending on the risk for that certain trade.
	Oh, so you're analyzing the whole time and you make one or two trades in that period.
	Yeah, and then I'm holding at that point.
	That hold can be a couple hours, a day.
	If it looks good, and I'm pretty early for the entire overall move based on a higher time frame, I'm probably in that trade for a couple days.
	If I could.
	And you're looking at your phone, the whole time that money's out in the market, pretty much.
	I try not to, but I definitely sleep good at night also.
	You know what I'm saying?
	Most of what trading actually is, though, is you're just waiting a lot of the time.
	You're doing your analysis, and then after, like, the action of trading itself, when you press that buy or sell button, it's seconds.
	It's seconds.
	But then a lot of the times, it's after you press that buy or sell button, then it goes back to more waiting.
	Yeah.
	So you could be in consolidation for a trade set that you're actually anticipating for certain times, like three, four days before it actually plays out.
	You know, but I think as long as you're pretty much understanding the bias or the overall direction for that certain trade, then, you know, that consolidation means literally nothing.
	That's like a waiting game at that point.
	But as long as you're pretty much still within risk...
	And the direction is good, then you're pretty much on a waiting game that you have no control over.
	How long it takes a move to actually hit or even push, we have no control over that.
	So once we're in, we pretty much understand the risk, we understand the buys.
	So when you go in, you're going to at least 5,000, and you might be in on multiple situations.
	You might have somewhere between $5,000 to $50,000 out in the market that you're risking.
	Open to risking, yeah.
	Open to risking, okay.
	What's the most...
	With a $150,000 account that you have that you use.
	Correct.
	Like, I love starting...
	Like, what I do best with...
	I love starting with, like, either $100,000 or $20,000 on average whenever I start up a brand new account.
	You know what I'm saying?
	Because there's certain times that, like, I have, like, a nice account build, withdraw, start over...
	Risk, you know what I'm saying?
	Like, restart all over again.
	Because there's certain times that, like, you know, like, if I have a good trading flow, like, the other day, I did $15K to, like, $550,000.
	I lost, like, $150,000.
	After that, I was like, ugh, I'm done.
	Close it out.
	You know what I'm saying?
	Withdraw, I'm done.
	And then start all over again.
	A lot of times what can happen is you can go on tilt.
	And you can lose all of it.
	Which is why I say, even if you're not in a position, that money is still at risk.
	Which is why it's important to always pay yourself and withdraw.
	Bro, I have to.
	It's a mental thing.
	I remember this one time, I saved all of my withdrawals and everything.
	I put $600,000 inside the market.
	I built that up to $1.8k in about a week and a half.
	And then I lost $300,000.
	Damn.
	Damn.
	But I'm still in profit.
	Yeah, you're still up.
	Ridiculous.
	But that's kind of a possibility.
	So right after that, I withdrew all that capital.
	I bought my P-slip.
	And after that, I just chilled.
	Gotcha.
	So you have to pay yourself in some kind of way.
	You know what I'm saying?
	You're working so hard and you're putting yourself under someone's stress.
	Why not pay yourself?
	What's the most you ever lost and most you ever made?
	What was it?
	Like $400,000.
	I think you posted that one, right?
	Like my biggest loss.
	Like most I ever made in one trade was $450,000.
	Damn.
	Yeah, but that was...
	Wait, K? K, bro.
	K. K, yes.
	K, K, K. That's somebody selling for a year.
	I thought that we don't really have to say the K anymore, you know what I'm saying?
	You get it.
	$450,000.
	Oh, yeah.
	Okay, okay.
	I believe that.
	Yeah, yeah.
	No, but I was on an anniversary.
	I was at a hotel and everything with my girl and everything, and all of a sudden, I had 40 lots on 30.
	Crazy.
	That's crazy.
	So, I understood the risk, but I'm like, yo, but the reward is going to be crazy.
	You must have celebrated, huh?
	Huh?
	You must have celebrated that day, huh?
	No, I lost the money.
	I was in a position of 40 lots on 30th, but I'm on an anniversary, you know what I'm saying?
	And that's how you lost that $400,000?
	I'm not saying it was because of the anniversary, but I'm saying that I was kind of distracted, you know what I'm saying?
	So I rolled over, like when I woke up, I looked at the phone, fuck.
	Damn.
	Closed out, put it back up, and I went straight back to sleep.
	Okay.
	I can't do anything, you know what I'm saying?
	But at the same time, like, that was a part of that account, you know, building everything.
	So, I mean, I was like, alright, cool.
	I was still in profit, so it's not like I lost.
	Yeah, yeah, you were in profit regardless.
	I was still in profit, but at the same time, like, I just went super fucking hard, trying to actually risk a lot, but also, like, the reward for that one trade was supposed to be, like, 1.3 or some shit, but...
	It'll work out.
	It's all good.
	It's important to know that you can win some and lose some.
	It's just part of the game.
	It's a part of the game, bro.
	And people, they try to not think about the losses.
	It's a part of the fucking game.
	How can you be open to trying to make $100,000 but you're not even open to losing $20,000?
	Yeah, you know what I'm saying?
	Like, it doesn't make sense.
	Yeah, no, for sure.
	And then Raoul, for you, what's your day like?
	And then biggest loss, biggest gains?
	So my day actually starts the night before.
	That's when I actually do my pre-market analysis and I essentially plan what my trading day is going to look like on the next day.
	So after that, that's about like an hour, maybe an hour and a half.
	It just really depends.
	I try and give it, you know...
	Because the thing is, if you spend too much time analyzing just one asset, you're going to start over-analyzing and you're going to get in a situation where you don't know what to do.
	So realistically, I'll give myself an hour and also an extra 30 minutes to review my trades of the previous day, but it all starts the night before.
	So 30 minutes go into analysis, 30 minutes goes into my journaling and reviewing the trades that I did throughout the prior week, throughout the prior days, et cetera, et cetera.
	Then when it comes to my pre-market analysis, this is probably around like 8 o'clock, 8.30 in the morning, an hour before or an hour and a half before the market actually opens.
	Because I only trade two assets, which is I only trade realistically the NASDAQ or NAS100 and the S&P 500 or SPX. And then my active trading is from 9.30 to about 12.30.
	That's my trading window.
	Because then after 12.30, we're moving into a lunchtime.
	Volume starts to die off.
	And then it'll pick back up again in the afternoon.
	But I only trade in the morning because that's when you see most volatility there.
	Then after my trading day is done, I pretty much go out and do whatever I want for the rest of the day.
	Then come back to my office.
	Yeah, basically.
	Then come back to my office.
	I come back to my office and do the same thing I did the night before.
	I journal.
	My trade's on the day, and I review what could possibly go down, and I plan for the next day.
	But at least try to actually implement some time on the charts and everything else, so you know that you're giving time and effort to your actual craft and everything.
	I can say that you guys are very consistent with your rules and your setups, and you make it work.
	Well, we try to be.
	We try to be, of course.
	But it's possible.
	I feel like there's times that you know that you are going against it, but at the same time, you know what you have to do to actually stay on track.
	You know what I'm saying?
	Which is cool.
	That's fair.
	Which is like a balance of life, which is never a thing, but you're always striving for balance, but in reality it's never a thing.
	But this is also when you're supposed to learn when to size up, when to size down.
	When I'm not like super locked in, I'm sizing down completely.
	Versus when I'm locked in and I'm living and breathing trading, that's when I'm typically sizing up a lot.
	And it also depends on the market conditions too, because if you know and you've seen price action over the last few days and you see the markets are in a nice trending condition, you're going to want to be locked in, you're going to want to size up because these are the times you want to take advantage.
	Versus when the markets are chopping, consolidating a lot of the time and say, okay, you know what, let's just kind of chill, let's size down a bit.
	Yeah, the price action just simply isn't the cleanest.
	I mean, when it comes to like my biggest loss, I've never lost $450,000 a day.
	That was crazy.
	I lost about a quarter million in the span of three days.
	And that was because I was just too confident and sizing up too quickly.
	I did an account build.
	This is around the time where we figured out that my wife was pregnant.
	I deposited $100,000 into a trading account.
	I turned into like $1.2 million.
	And I was withdrawing along the way.
	And this is all documented too.
	It's on my Instagram.
	You can see all the withdrawals, etc., etc.
	Right?
	But the problem after an account book like that, it's kind of very similar to when you're in a losing streak.
	You don't have enough confidence to execute appropriately.
	But in this type of situation, I was too confident because I'm like, I'm essentially feeling like the king of the world.
	They just turned almost 150 grand into a million dollars plus.
	Yeah.
	Nobody could tell me shit.
	And then I got humbled really quickly in the span of like three days.
	I lost a quarter million dollars.
	That's when I was like, nope.
	I withdrew everything.
	Done.
	You're still in a significant profit.
	But the problem is what can happen in those situations where you size up too quickly, then you take a huge loss.
	If you don't control it and stop yourself right away, you'll lose even more.
	A lot of the time.
	And that's something that I learned as a beginner because my main issue as a beginner was I was over trading and over leveraging too quickly and I would lose weeks upon weeks of profits in a single day.
	And because I've already acknowledged that from my past in this type of situation, we drew everything and just took a break.
	Yeah, like, that's probably the best fix.
	Just clear everything off the table and start back.
	Start new.
	Yeah, and then you've got to start small again.
	You've got to start small because it's not easy losing.
	But you enjoy the money at the same time.
	Like, the money that you just withdrew, you enjoy that.
	But also, like, when you're ready to trade again, you deposit again.
	All right, cool.
	I can only imagine how much mental fortitude that would take and emotion to do that because, obviously, it's like, it's stressful.
	It is.
	Yeah, it is.
	And it completely changes your relationship with money, too.
	Yeah.
	I think it's because over time, we kind of lose the respect of a dollar eventually also.
	Which is bad.
	It's also a bad thing too.
	I'll give you an example.
	So there was one day in this account build where I had made, it was like $180,000.
	I was like, bro, fuck it.
	I withdrew all of it.
	I went and I put a fucking, what was it called?
	A huge down payment on an order.
	I don't remember if it was my cullinan.
	Or it was a different car.
	But I went and I put a huge deposit on the order of the car.
	It's like, I don't care.
	I'm going to make it back regardless.
	That's like the problem, you know, that I found myself a lot too.
	But it's also a blessing too, because when it came around to my boy's birthday, I had made $100,000 in that day.
	I literally did all this for YouTube.
	You see me withdraw from the trading account to my internal transfer to the broker's wallet, then from leaving the broker's wallet all the way to my crypto wallet, then hitting my bank account, and I sent it right away to Neo and I bought my boy a watch for his birthday on that same day.
	Nice.
	So it's kind of like, you know, it's kind of like a blessing that occurs because your relationship with money actually does change significantly.
	Yeah.
	I mean, making it that quick, but with the stress as well, I mean, you've got to enjoy it.
	Yeah.
	Yeah.
	What else do we got here?
	And guys, I don't think we're going to have an after-hours tonight.
	Yeah, we won't.
	We won't, because we've got to move.
	We've got to move studio.
	Yeah, we're actually going to move all of our stuff tomorrow, guys, so we've got to get this handled.
	It's a brand new setup.
	So, yeah, a whole new setup.
	What do we got here?
	What brokers do you...
	No, buy box goes, what brokers do you recommend as a beginner for futures and forex?
	What are the best brokers?
	I mean, futures and Forex.
	Futures, I'm not too, too sure about it.
	For futures, I mean, NinjaTrader did just buy a trade rate because I am looking to actually start trading futures probably sometime next year.
	What are futures?
	It's becoming a bit more popular, but I don't trade it though.
	It's basically the same thing as trading indices.
	It's just a different platform of execution.
	Right.
	Indices.
	It's just the platform execution is different.
	So I'm going to open up an account with NinjaTrader, which, I mean, you can also open an account up with TraderVate.
	They're a fully regulated platform.
	That's probably like the best one for futures.
	I mean, with Forex, there's so many different brokerages out there.
	Yeah, depending on what kind of features that you're looking for for that platform, then just either focus on that.
	It could be the leverage, it could be the deposit and withdraw methods.
	It depends on what you're really into.
	But many brokers have different options, so it depends on what you're into first.
	But it's options, many options.
	Damn.
	Alright.
	Hey guys, do me a favor.
	We got 2.5k y'all watching on YouTube and we got another, I think, 5,000 or so watching on Rumble.
	So guys, go ahead and like the video.
	Let's get up to 2,000 likes.
	Get the engagement up, man.
	Let's go.
	Appreciate that greatly.
	What do we got here?
	Myron, I'm 5'10", 242 pounds.
	What is a safe calorie deficit for me to lose weight?
	That depends on a bunch of different factors, bro, to include your age and activity level, etc.
	But go ahead and use a...
	A TDE calculator so that you can figure out what your maintenance calories is and then whatever that number is, you want to be 200 to 300 below that and that will put you in a calorie deficit and you'll lose weight nice and slowly and sustainably, most importantly.
	510, 242 is crazy.
	Yeah, you fat as hell though.
	Knowing that the key to proper trading is to limit your losses, what tips do you guys have for proper risk management slash stop loss?
	It's a good question.
	Well, I say, for me at least, precision.
	Precision is very, very important.
	Understanding how precise you can actually be in the markets is very, very important.
	And understand what's your average drawdown percentage.
	Um, and pretty much try to actually strive to actually, you know, get more precise with drawing your, your, um, technical analysis on it and your candlestick analysis also, because that would actually lower your risk to reward.
	Well, like better your reward and lower your risk.
	I'd have to actually base my risk off of like a lower timeframe.
	It could be like the M5 or the 15 and my reward off of either the H4 or the H1.
	Okay.
	So if like that alone kind of like changes the game incredibly because if I'm wrong, then I'm wrong early.
	So you can see it.
	Exactly.
	Yeah.
	Time frame base.
	I mean, for me, the whole trade has to be planned.
	So you need to have your area where you're looking to execute the trade, and then you'll have a price action signal that'll tell you this is where, or this is the time to actually execute.
	And when it comes to your stop loss...
	I see a lot of people like they just put a random stop loss like in an area where it's like, okay, you know if price is here, it's right.
	For me, a stop loss needs to be at an area that invalidates the trade.
	Correct.
	Meaning that if the trade hits this area, there's a higher probability that you're going to be wrong and that's when you want to cut your loser as short as possible.
	After you've determined both of those areas, then you determine what area you're going to look at.
	Where you're going to get out if you're right.
	Then after that, if you have a positive or multiple on that specific planned trade is when you can actually formulate the trade setup and say, okay, this is valid.
	I'm going to be taking this.
	And you simply have to wait again for the execution.
	Okay.
	We trade very, very differently, but at the same time, they work.
	You know what I'm saying?
	So at the same time, people got to understand we see different perspectives of the market.
	And with trading, it's like one thing that every single person has a different perspective in some kind of way.
	Yeah, there's no one right way to trade.
	There's so many different trading styles and systems out there.
	It's whatever works.
	But stop loss is important, though.
	Stop loss is very important.
	But that's one thing that we did actually agree on.
	The stop loss has to be in an area of non-fluctuation.
	It has to be in an area that pretty much invalidates the entire trade.
	Yeah, definitely.
	So basically, once it hits the point of no return, you've got to cut that thing off.
	100%.
	Because it's only going to go down from here.
	Once it hits the point, it's only going down.
	Fair enough.
	So we got here, you guys should analyze GBPUSD. Where do you see it going long-term versus short-term?
	Hashtag real traders know.
	I don't really analyze GU2 too much personally.
	So I mean, I'm not really in tune with what they have going on on that pair currently.
	Yeah, and you can't really make like the decision as a long-term versus short-term too because you have to look at like, again, like the fundamentals and the macroeconomics when it comes down to the Great Barrier and Pound and then the US dollar to really make like a long-term decision as to where price could potentially go depending on what type of data actually does come out.
	Yeah.
	Short term, it's easy.
	Is that a volatile pair right there?
	It gets more volatile.
	With pairs like GJ, which is GPY, Japanese yen, that's when it gets super volatile.
	With GU, it's not too much, but I feel like it can get a bit more, but it's like one pair that I wouldn't really recommend too much because that pair is sporadic.
	Any pair that's great British pound, it's sporadic as fuck.
	Gotcha.
	It's just a super volatile currency, honestly.
	Yeah, it's all over the place.
	It's like one pair that pretty much will spike for no reason and then go back to where it just came from.
	That's just insane.
	Would it be fair to say that if you're going to trade Forex, it's best to master a few pairs and just stick in that realm?
	Well, I'm very big on stick to one and master that one until you get bored of it and then switch.
	Some people like to actually trade two or three and that kind of stuff.
	That's cool.
	But when I first started, I traded AU for an entire year before I actually switched a different pair.
	And then I traded UJ for an entire year also.
	What pair were AU or were you just doing anything with Australian?
	No, no, it was just, AU is that asset that I was trading for an entire year.
	That one trade.
	That one pair.
	Oh, you didn't change at all.
	I didn't change at all, because I wanted to focus on actually getting better at my technicals and everything, but if you're consistent with one pair, then it will benefit you in the long run, because you're gaining a better foundation for the next pair.
	So it didn't matter what pair I was with, you just focused on trading AU. AU. I didn't care if this person just made so-and-so on that other pair.
	I was focused on what I was focused on.
	But it's good because...
	Is that because AU... And I hate to...
	Just these clarifying questions.
	Is that because AU is a stabler currency?
	At the time, yeah.
	And I was still in that learning curve trying to actually just get better at every single thing that I was doing with my consistency and that kind of stuff also.
	But for the past three years, I've only been trading...
	You know what I'm saying?
	Because it makes me the kind of money that I want to make.
	But also, I understand it enough, and I'm on it enough to understand what it's going to be doing based off of how much time I dedicate to it.
	But that is not Forex anymore, right?
	It's indexes now.
	No, that's indexes.
	Yeah.
	It's still on the same markets, but it's just a different asset.
	Okay.
	Yeah.
	Gotcha.
	Okay.
	Very interesting stuff, man.
	This is from Locals.
	Any of you familiar with XRP and it eventually getting pegged to a certain amount of gold and being the major component in the coming new financial system around the world?
	FNF on top.
	Shout out to you, man.
	Shout out to Locals.
	Slugbanger.
	I mean, I don't really go too much in it.
	I had XRP at one point in time, but I personally don't really fully believe in it, unless it's Bitcoin.
	I don't really try to touch other cryptos too much.
	Yeah, because it's not too stable.
	Not even Ethereum?
	Ethereum's cool, too.
	But XRP, I'm just not too confident about that.
	Oh, yeah.
	They just won their lawsuit, right?
	They won it, right?
	I think so.
	Yeah, to be considered as a security order.
	Yeah, they won it.
	Okay.
	We got here.
	Good evening from Vermont.
	Myron, I'm working 70 hours a week as a chef, along with 15-20 hours on my financial service business.
	My problem is that my financial services takes five to ten years to build a multiple six-figure business.
	I have everything it takes to be successful, but think that I should be putting my time slash sweat equity into another business industry that won't take as long.
	Any tips on if I should take another road or not?
	Bro, here's the thing.
	Building a business, most businesses aren't profitable in the first few years, man.
	That's just the unfortunate reality of being an entrepreneur a lot of the times.
	Especially since you're in a financial services business.
	Did you guys have anything that you want to add to it?
	I was going to say that.
	Giving 70 hours a week is kind of crazy, personally.
	As a chef.
	You can do a lot more with that 70 hours that could actually benefit you for the long run.
	Compared to putting that much time into one thing.
	That's a good point.
	Yeah, you might need to start cutting back on those hours as a chef and put it more into your business.
	Correct, correct.
	100%.
	Because 70 hours, like, remember, the whole goal is that you slowly segue from your main job into your business.
	So you're going to see more returns when you put more time into your side business.
	Correct.
	Yeah, you don't want to get cooked.
	Yeah.
	Wow.
	I told you I didn't have the goal to be a millionaire, but no, bro, that's what I would do.
	The whole goal of being an entrepreneur is you take your main job, funnel that money into your entrepreneurship, and then you'll slowly start to weave off on your main job and start putting more and more time into your side business, which is going to make you more money.
	And then once you start making as much as, if not preferably, 1.5 to 2 times as much money from your business as your main job, that's when you can successfully exit that job and move into entrepreneurship full time.
	Hunter Trainier goes, I'm 21 and have had the goal to be a millionaire by 25, which, yes, is very hard, but I'm maxing out my time and just don't know what else I can do to get my goal, which is why I'm having second thoughts about the industry.
	I'm in 70 hours on my 9 to 5, 20 hours on my business, 8 hours in the gym.
	Okay, so same thing.
	Same guy, same question.
	I feel like he kind of messed up by even putting a deadline.
	Time limit, right?
	Yeah.
	You can't put a time limit.
	Like, you don't know.
	You don't know.
	You can assume.
	It's effort-based.
	You know what I'm saying?
	You can't just sit down and be like, you know what, in five years, I'm going to be a millionaire.
	Okay, how?
	What's the plan?
	You know what I'm saying?
	If you have no plan, it means nothing.
	Yeah.
	I see his perspective with having an end date, but yeah, bro, the goal here is, because it's the same guy, you need to slowly segue that time that you're putting into being a chef.
	That's 70 hours.
	You need to slowly start putting it into your business, and then you're going to see more returns to get into that six-figure range.
	Yep.
	DGBILD, job is not finished.
	WFNF Tate, Tristan, shout out to you.
	Let's go.
	Let's go.
	Invesco's traders, in your opinion, do the fundamentals drive the technicals?
	Do you guys constantly keep up with the BLS reports?
	I mean, for sure, of course.
	When it comes down to the fundamentals, the markets don't move just randomly because prices are going to go up, prices are going to go down.
	Interest rates, inflation, all of these different things, all these different variables and factors, and also order flow as well will determine the direction of the market.
	So especially if you're a longer-term trader, you trade essentially a swing trade, position trade.
	Whatever you're doing, that's a longer term.
	You need to be in tune with the fundamentals and what's going on in the economy and in the world overall to understand better how you can execute on your trading system.
	But if you're someone who's a little bit more shorter term, then I would probably just be more aware of when this type of data is actually going to come out so you can make the decision like, hey, you know what?
	The data came out lower than expected.
	I may be actually looking to buy or the data came out higher than expected.
	I may actually be looking to sell and then use that fundamental bias to then go in alliance with your technical bias.
	Yep.
	All right.
	All right.
	We got Professor So Icy, or Professor Icy, first the type of guy to say that was excellent after busting.
	Excellent.
	What the hell?
	Who says that?
	Let's see, bot.
	Anyone else really craving Cinnamon Toast Crunch right now?
	Okay.
	That's random.
	That's a random cereal.
	Is it possible to trade part-time, or do you have to go all-in and learning trading full-time?
	No, part-time is where you start.
	You know what I'm saying?
	Because I feel like eventually it'll come to a point that you know that it's like if you put a little bit more effort, you can make a lot more money.
	You know what I'm saying?
	But I feel like it's very, very important to actually put a little bit of time and just even get a passion for it first and then eventually start to get a bit more into it.
	And if you start to make more money when trading part-time, eventually it'll come to a point that you want to dedicate that full-time each and every single day to actually trade at that point.
	Well, you were doing Target while trading.
	Yeah, I was trading while I was at Target.
	So I was technically part-time and part-time.
	Eventually, it came to a point that I was like, yo, listen, I'm in between the aisles and everything on my phone to check my charge real quick and that kind of shit.
	It came to a point that I'm missing positions and losing trades because I'm at work.
	I'm around the manager and that kind of shit.
	So it comes to a point that when your business or your passion needs you more than your job, then that's when it's time to leave.
	Okay.
	Yeah.
	Bam.
	There you go.
	Let's see here.
	And this is an excellent side hustle to learn on the side, guys, because it doesn't take that much time.
	If you've got a full-time job, you can kind of get in with, you know, different feet in, learn.
	You don't need a credit score.
	You don't need to have any major, like, I want to say things to start.
	I've had students that were pretty much felons and pretty much all kind of crazy ass backgrounds and it doesn't matter.
	Can't get a job, yeah.
	No, but it doesn't matter.
	It doesn't check backgrounds and that kind of thing.
	You know what I'm saying?
	All you gotta pretty much do is dedicate time to the craft and then apply it.
	You don't have to do a background on anything, which is cool because it doesn't discriminate from any single person, which is cool.
	Wow.
	So it's beneficial for every single person all around the world.
	Race.
	Black, white, aging.
	It doesn't matter.
	Height.
	It doesn't matter.
	You know what I'm saying?
	It's there.
	It's open.
	No systemic racism.
	No.
	At all.
	For all you crybabies.
	Day trade, swing trade, or a combination of both?
	Also, what precautions do you take during big news events like CPI and FOMC announcements?
	I covered it earlier, but...
	Well, so I'm mainly an intraday trader, which means that I'm only in trades for a couple hours at times, on average.
	Swing trades, I only swing trade if I have the ability to hold a certain trade for a certain amount of time.
	Can you tell us the difference between a day trader and a swing trader?
	A swing trader holds trades for, at times, weeks and that kind of stuff.
	So they're a longer-term trader.
	A day trader, day trader.
	You know what I'm saying?
	Within that day...
	They're in and out within 24 hours.
	Correct, correct.
	On average.
	Majority of the time.
	The precautions for big newsmen and that kind of stuff, I would normally just scale down.
	My lot size.
	So the lot size that I would normally use throughout my normal days, I would just scale down a little bit.
	So if I do lose, I'm not losing a ton of money.
	So if I go in progression, scalper is minutes...
	Day trader is for 20...
	Intraday.
	Okay, so it goes scalper, minutes.
	Intraday is a few hours, maybe?
	A few hours, and that kind of stuff, yeah.
	Then you got the swing trader, no.
	Day trader.
	Day trader, who's in there for maybe the business day, when the market's open.
	And then you got the swing trader, who's in there, who could be in there for days or weeks.
	Days or weeks.
	And then a position trader, which is probably, you know...
	Even longer term.
	That's what you're doing, basically.
	Six months.
	Oh, shit.
	Okay.
	They don't really care what happens in between.
	They care about an end goal in about five or six months.
	It's just a long-term investment.
	And then after that, you're long-term traders that are holding for years.
	Years.
	Gotcha.
	Basically, you're buying and holding at that point.
	So those are what?
	Four, five, six levels?
	Yeah, either stocks, index funds.
	Yeah.
	It's a bunch of stocks.
	Yeah, two degree.
	But I mean, most day traders could scalp and can also swing trade.
	It just depends if the opportunity is present or not.
	Correct.
	But on average, our main thing is probably...
	I'll say intraday is our go-to because it's a nice balance between everything, you know?
	Gotcha.
	Because it's pretty cool.
	You could actually wake up early, trade, and enjoy your day after.
	Yeah.
	It seems to me...
	Well, the biggest thing is also a swing trader doesn't really care about the one-minute chart or the five-minute chart or the 15-minute chart because it's so...
	Miniscule.
	Compared to a scalper, they're only on the one minute or the five minute chart.
	They're on smaller time frames.
	So I feel like it's more time frame based than anything else, which means that a position trader is probably on the weekly or the daily time frame.
	Which one takes the most skill?
	I'm assuming if you could scout, you could probably say intraday takes a lot of...
	Put it this way.
	A person that knows only how to swing, they are terrible at entries.
	A person that only knows how to scalp, they don't know how to hold positions for a long period of time.
	Gotcha.
	An intraday trade is kind of like a nice balance in between the two.
	The entries are good, but also they know how to maintain a...
	A position for a long period of time.
	It could be hours.
	It could be days.
	But they know how to pretty much hold an order and maintain it for a certain amount of time.
	You're able to utilize skill sets from both angles that make you successful.
	A nice balance.
	A very, very dynamic trade at that point.
	But if a person actually knows how to maintain a trade even beyond a couple days and that kind of stuff, then it turns into a swing trade.
	So I feel like the overall goal...
	For me, at least at times, I enter on a scalp type of setup, I maintain on an intraday type of setup, and then pretty much if I can maintain that trade for a certain amount of time, it turns into a swing trade at that point.
	Damn.
	Which can stay for a week or so, which happens every now and again, but at the same time, I try to be optimistic with trying to actually hold a trade, but there's certain times that...
	What's the longest you've stayed in a trade?
	Probably like a week and a half.
	A week and a half.
	That's a good breakdown though.
	And that was on like probably like UJ like a long time ago actually.
	Because I'm so satisfied with the money that I'm making now on asset I trade now which is US 30 that I don't need to hold a trade for a week and a half at times.
	You're comfortable in your trades, basically.
	Yeah, I'm more than great.
	You know what I'm saying?
	I'm more than great.
	It's not like I'm struggling in any kind of way with my trades I'm taking.
	I noticed between the two of you, whenever you guys are in a trade, you're aggressively watching the charts, you're on your phone, you're on it, right?
	Would it be fair to say that you're trying to close that trade as soon as possible so that you can kind of just chill and relax?
	No.
	It's just certain times that like shit happens, bro.
	Like holding it for more than a few days might be too stressful.
	The thing is you want to try and let your winners run as long as possible while also mitigating as much risk as possible because if you're risking on a position $20,000 and you're up 60, you don't want to break even on that trade.
	It's three to one.
	That's cool.
	Also, you know, you want to try and let your winner run for as long as possible to potentially make more.
	So it's literally all about trade management.
	So when it comes to, like, the skill and asking, oh, you know, which trader is most skillful, I would say it's not really the type of trader for your day trader, swing trader, scalper, but it's how you manage your position in the long run and what your risk management looks like.
	Look, like, you always have, like, your starting, right?
	You have your risk, but then you have your highest profit, and then you have your settling profit.
	Yeah.
	You know what I'm saying?
	So, like, there's times that, like, let's say if you're up $100,000.
	Yeah.
	But then you settle at, like, $60,000.
	That's still cool.
	But you had your highest point, and then you had a point that, like, you know what?
	All right, this is enough.
	I'm taking it out.
	You know what I'm saying?
	So, like, it's always, like, the highest point and, like, the settle profit also, which is very important.
	Gotcha.
	Gotcha.
	Because in my head, I'm thinking like, alright, you can stay in this trade longer, but is it worth the stress of, you're already up, you know, 10, 20, 30, 40.
	Is it worth sitting in there and watching the charts like a hawk, not being able to be attentive to other things?
	And the best feeling is pressing close and call it a day.
	It's the best feeling.
	I'm sure you guys have done that plenty of times.
	It feels so good knowing that, you know what, I could press X and start my day.
	I'm stress-free at that point.
	It feels amazing, honestly.
	I mean, imagine waking up, making 100K in the morning.
	You can feel great the rest of your day.
	Somebody said trail stops and have no TP. Personally, I don't like trailing stops because it's premature at times.
	A trailing stop is pretty much like a stop loss that tracks as you're going in profit.
	It tracks behind the order for a certain amount of points.
	So if the market starts to pull back, the trailing stop stops.
	And it liquidates your position.
	And then keep on going.
	Me personally, I'm open to fluctuation.
	So your stop loss moves alongside your profits?
	Yeah, that's a trailing stop.
	But you don't have to.
	Me personally, I stopped doing that maybe about 60 years ago.
	I commit to closing.
	If I'm going to close my orders, I'm closing everything after that.
	I'm going to either take my set of profit or I'm going to try to hold that shit out a little bit longer.
	Trailing stops, me personally, it's a premature stop.
	It doesn't make sense to me.
	So when it comes to trading, there's pros and cons in everything that you do, and you just have to weigh out those pros and those cons when it comes to trading.
	Okay.
	Wow.
	All right.
	Different world, man.
	Very different world.
	I will say this, though.
	As a buy and hold real estate guy, this is completely...
	Once again, it's very, very different.
	It's very just like...
	Foreign.
	But it's great, though.
	I'm learning.
	Once again, imagine waking up.
	Couple hours, four or five hours, make 100k.
	Nigga, I'm going to be ecstatic.
	Hold on, I'm literally writing this down.
	So you go from scalper, which is minutes, to intra.
	It's different though, because I mean like, some days are different.
	Some days you can make 100k, some days you can only make 10, some days you may lose money, some days you may break even.
	What's that position?
	But it's all like planned a month, right?
	Is what's more important.
	And then right, it's time frame based.
	And then long term hold at that point, buy and hold is after that, which is where I am pretty much.
	Yeah, just years and that kind of stuff, like until you retire or some shit, I don't know.
	Okay.
	But the times where I'm scaling in pretty heavily and trading heavily are the most stressful ones.
	Like for me, the easy days is when I'm having an average risk.
	Like I'm risking $10,000 to make $20,000.
	You know, those to me are like the non-stressful days, you know?
	Okay.
	Versus when I'm like super locked in, you know, I'm risking like $30,000, $40,000 to try and make $100,000, $150,000, $160,000.
	More stressful.
	Those are more locked.
	So this is big.
	So for the audience, real quick, just a recap.
	So a scalper, you're in for a few minutes.
	Entry, you're in for a few hours.
	Swing, you're in for a day.
	Position, you're in for days and or weeks.
	And then after that, you got buy and hold.
	Correct.
	That's super long term.
	So basically, just to have a more realistic approach, 100K days are not that viable.
	It just depends on the person and making lures probably better.
	I mean, it depends on, you know, how much capital you have in your trading account.
	It also depends on how much you're risking as well.
	Because, like, you can make $100K and you could do it back to back.
	I've done it there as well.
	But, like, my stress levels were a lot higher.
	Got it.
	Because, again, like, your relationship with money changes.
	If you're someone who, you know, $20,000 is maybe not significant to you, it's going to be a lot easier for you to trade.
	You're not going to really feel bad if you take a $20,000 loss versus you take a quarter million dollar loss.
	Oh, yeah.
	It's huge.
	It's a big difference.
	You get used to seeing that kind of money fluctuate at that point.
	When you see it over and over and over again, you're not going to be too open to just closing out.
	There's levels.
	When you first start trading, you see a few hundred dollars in fluctuation and P&L, and then you get stopped off for $500.
	If that's your normal, then that's your normal.
	When you have a stop loss, it's like, okay, you know what?
	It's part of the job.
	Versus when you go from risking $500 a trade to doubling or tripling, now you're risking $2,000 a trade, and that first stop loss gets hit at $2,000, you're going to be like, damn, bro, that kind of hurts.
	Gotcha.
	Like, back in the day, like, that kind of, like, $100 loss was, like, hurting.
	Like, goddamn, bro, I fucked up, you know?
	Yeah.
	But I think, like, over time with experience and, like, getting capital and everything else, like, you just kind of become numb to seeing red at times, you know?
	And it is what it is.
	Yeah, you normalize it.
	Yeah.
	And guys, just to recap, there's no after hours today because we're going to focus on moving to studio, so no girls for today.
	Money Monday.
	Yeah.
	What else we got here?
	I went full-time for four months and I realized I jumped in too fast without my business cash flowing enough, took the risk, it failed, and now I have 15K less than what I had eight months ago, unfortunately.
	Yeah, just feeling shitty at this point.
	See you at the top FNF. Shout out to you, bro.
	Yeah, we've all had our days, bro, our months.
	Yeah, it happens, man.
	Yeah.
	What else?
	Derek the Trader, what percentage of your trading capital do you risk per trade and how do you calculate your percentage stop loss?
	So with me, I don't really go based on percentages.
	I go based on straight money, which means that if I start up with $100,000, on average, I'm open to risking 5K or 10K on average.
	Until I get up to a certain point, let's say if I now grow the account up to 150, now I'm open to losing around 30K, 40K at times.
	But that's just me.
	That's how I work.
	And I don't really go based on percentages because I feel like people that actually go just on percentages like only risking 1% and that kind of stuff, I feel like you're not really in the game to actually make money at that point.
	Because only risk 1% of everything is...
	It's great.
	Yeah, it's kind of like it's light.
	You know, it's too light to the point that you can't really expect to make a big...
	Gain off of that right there, you know?
	So you have to be willing to lose.
	Huh?
	If you want to win big, you have to be willing to lose big.
	It's situational to the individual, you know?
	But like, realistically, you know, you put $25,000 in your trading account, you're only risking 1%.
	You shouldn't have the expectations to try and double your trading account within the same few weeks.
	Which is crazy.
	You know, which is crazy, but...
	Damn.
	Yeah.
	It's all subjective to the individual.
	Correct.
	But I say definitely be a...
	Like, if you're good at what you do, then why are you only risking 1% of that then?
	Yeah, that's what I'm saying.
	That's what it comes down to.
	If you're so good and so confident in what you do, then why are you only risking 1%?
	For me, it's different day by day.
	For me, it's subjective to the type of position that I'm taking.
	If I have a setup and it's a really high probability setup, then that's a setup I'm going to put way more money behind.
	I might be risking 5%, 6%, 7% at times, but again, I'm...
	Okay, we're taking that risk.
	I know if my stop loss does get hit for that 7% gain, I know the risks I was involved when taking that position.
	But at the same time, I'm risking maybe 7% or even 10% at times to try and make 20%, 30%, 40%.
	It depends.
	I don't want to say it's like a day-by-day thing, but it's subjective to the type of position that I'm taking.
	All those people that I know that actually risk 5% and 10%, they are the ones that made the money.
	Right.
	You know, because they're open to the risk, and they're not scared to lose.
	Alright, we got here.
	That's J.Ru.
	What are good ways to avoid a bull slash bear traps?
	Also, aside from basic MAs, RSI, MACD, what other indicators are y'all using?
	I mean, Raul can definitely agree with me.
	Price action is king.
	If you are only depending on all those indicators and oscillators and that kind of stuff, you're pretty much not understanding what actually moves all those, which is price action.
	So, like, I feel like eventually you'll come to a point that, like, um...
	You want to actually focus on just the candlestick analysis and actual raw charts because that is what actually moves all those things that you just mentioned.
	Yeah.
	All right.
	Okay.
	Cardinal Nurse says, I guess I'm going to have to drop some dollars to make these guys aware of the channel stealing their content.
	Put some info on this Castle Club news feed yesterday, FYI. Someone's using our content?
	YG Gotti?
	Yeah.
	All right.
	I'll look into it later.
	Yeah.
	Mindful Ronan goes, Shout out to FNF. Continue doing God's work.
	P.S. Don't let Q get away with being too humble.
	Man took profit on a trade worth more than the cost of the average single family home in less than 24 hours.
	God, forever in profit.
	Shout out to you, bro.
	Derek the Trader, do you guys have a daily loss limit and or weekly loss limit where you stop trading to mitigate risk on your trading account?
	100%.
	Good questions.
	Three losses.
	Three losses and I'm done.
	I'm taking a break.
	For me, it's less than that on a single day.
	On a single day, I'm taking two losses.
	That's it.
	I'm moving on.
	Yeah, that's it.
	If you keep on going, if you're off rhythm, I feel like you'll stay off rhythm for the rest of the week.
	So I feel like just even like...
	Locking it off.
	Like, yo, three losses.
	You know what?
	Let me chill the fuck out because this is going to get a lot worse.
	You know what I'm saying?
	So for the mental, just cut it.
	Those are all things you want to include in your trading plan as well.
	You know?
	Okay.
	Three losses.
	Done.
	Again, it comes to rules and discipline.
	Correct.
	And stick with it.
	Tall Entrepreneur says, for carry trading, can you explain your approach to selecting currency pairs for carry trades?
	How do you manage interest rate differentials and rollover costs?
	I don't know what carry trading is.
	Never heard of it.
	I think he tried saying like currency trading, but I don't even trade currencies anymore.
	I haven't traded currencies in like two years.
	Okay.
	DashJRu says, when it comes to scalping, do y'all scalp after reversals on smaller time frames or only on bigger time frame trends?
	So in my personal opinion, like when you're trading with a trend alone, you're already going to have an edge in the market versus somebody who's always trying to call like a top trend.
	Or a bottom, a lot of the times you're just going to be taken out of your position anyway.
	So if you could trade along with the trend where the order flow is in the markets, you're already going to have an edge in the market.
	Why not exploit that edge?
	Okay.
	Same.
	And then last few here.
	Is there really any point in mastering day trades when there's AI? I think in a couple years, AI will fully take over trading.
	What do you think about that?
	I doubt it.
	But I feel like if a person is pretty much...
	Well, an AI cannot make the kind of money that the human mind can...
	Which means that how precise we are with our entries and that kind of stuff, I feel like it just becomes a bit more open because with the AI, it's programmed to do a certain thing at a certain time at a certain risk.
	It can't actually manage the kind of leverage and that kind of stuff like how the human mind can, which means that we have a bit more control with how much money we can make versus an AI which is just programmed, which eventually fails because not every single AI actually...
	It changes over time.
	You gotta pretty much go back in and change it.
	Market conditions will always change.
	And that's the thing.
	The market is always changing each and every single year.
	From 2015 till now, the market has not been the same.
	You know what I'm saying?
	So it's changing each and every single year.
	And the AI is not going to be adapting to that market condition each and every single year.
	So you always gotta pretty much change.
	A lot of the times, a lot of the AI is just like a very systematic approach to past market conditions and to try and replicate those market conditions in the future.
	But the market conditions...
	It's not as quick.
	The human mind is definitely faster than an AI in that sense.
	So in this case, the robots, or I want to say the AI components, aren't going to be beneficial because market changes, so you can't really rely on that.
	Yeah.
	Mind you, you could probably make some passive income, which is cool, but I'm talking about the kind of money that we're making and that kind of stuff, and in a way how we trade, we're scaling it, And that kind of thing.
	And actually adapting to the markets quickly.
	The AI cannot really do that, I feel like.
	And I've seen tons of AIs.
	Tons of EAs and that kind of stuff.
	And I've never really been too impressed by one yet.
	They make money for a certain amount of time, which is cool.
	Whatever.
	Then they crash.
	Then you're going to have to reset it.
	You're going to have to fix it.
	Then run it back up again.
	So I feel like if you could...
	Maybe you have an AI that...
	Sustainable gains, you know?
	Very good.
	It's a temporary solution to a long-term problem.
	Yeah, like, it could make, you know, like, 3%, 2% a month and everything, which is cool, whatever, but the human is going to make a lot more than that, especially, like, on our level, at least.
	Absolutely.
	2% is nothing, 5% is nothing.
	Yeah.
	You guys are doubling your money when you guys are going in.
	Yeah, at a certain time, I'll double my entire balance in one day type shit.
	For me, it's a bit different.
	I just focus on RR on a day-to-day basis.
	I don't really focus on just trying to flip my account.
	For me, if I'm going to risk $20,000, it's because I'm looking to gain $40,000.
	But at a certain time, the risk is so good that it ends up doubling your account.
	What else do we got here?
	I've been training for five years now.
	I can guarantee you for a fact that these guys made 90% of their money from courses and affiliate with Forex brokers.
	I'm over here dying.
	Please be careful, chat.
	I mean, y'all showed their profits.
	I've showed this for like nine years, bro.
	It is what it is.
	For anyone saying that, show your actual receipts because I see their receipts all the time.
	He doesn't have any.
	Do you have any?
	I don't know.
	I got pages and pages and pages and pages of broker withdrawals, so it's cool.
	Yeah, me too.
	Cam the Heart Guy goes, Q, Raul, what do you recommend for traders to build capital fast enough if they don't want to take the prop firm route, especially after what happened with MFF? Skill.
	Skill, skill, skill.
	It's not the capital that's a problem, it's a skill.
	I feel like...
	An account can always grow.
	Keep that in mind.
	You know what I'm saying?
	You can start with a thousand dollars and then build that shit up.
	Just lose as little as possible.
	You know what I'm saying?
	Have a good R&R and that kind of stuff and then build an account.
	You don't need much to make a lot of money.
	You need a lot of skill to make a lot of money.
	So I feel like people tend to overthink the fact that just because they don't have capital, they have a couple hundred dollars.
	You could build that shit.
	$500 can easily turn to $1,000.
	$1,000 can easily turn into $2,000.
	Like, it grows, you know, as your skill is growing.
	Especially if you, like, also deposit in your account as well as you're trading the account, it'll only grow faster, too.
	Correct, yeah.
	You're trading like an active investment.
	Yeah, but it's a skill.
	Like, trading is a skill-based thing that you could actually build capital on.
	Like, you know, you don't have to have capital to trade.
	You have to have a skill to build the capital.
	To learn a skill, the money will come.
	Correct.
	And then, Osaga says, I'm going to hit you with rapid fire.
	How do you feel about AI indicators?
	Or can I find a mentor?
	What task manager do you use for MetaTrader 5?
	And can I get a $250K funded account for the loan?
	How do you feel about AI indicators?
	Like, buy cell indicators?
	Same shit.
	All indicators are laggy.
	If you get focused on the key principles of price action, you'll be a lot better off.
	Because then again, if you become really good at focusing on price action, that's a skill that you can build over time.
	Then as you become more in sync with reading price action, you'll only get better without having to rely.
	That's the foundation.
	The foundation is here, and then whatever is on top of it, indicators, oscillators, and that kind of stuff, AIs, it's all on top of price action, which is the foundation.
	You know what I'm saying?
	So, like, people try to actually go to the second thing when they can easily learn the first thing.
	The foundation.
	You know?
	And then they'll see that, like, you know, the indicator that's on their charts, then it's not as powerful as they think it is.
	Like, when I first started trading, like, I had a ton of indicators and moving averages and all kind of shit, but eventually it became less and less and less and less, and then to the point that I need nothing on my chart to even make a decent Yeah.
	All price action, eventually.
	Yeah, you want to just mainly focus on price action.
	I went through the same thing.
	I had a bunch of indicators, and as the months and years passed, I started removing every single one.
	Yeah, subconsciously, you get better.
	You know what I'm saying?
	You need less to actually analyze.
	So learn price...
	What's it called?
	Oh, price action.
	Understanding and reading price action is king.
	Over indicators.
	Yeah, 100%.
	What do you find?
	Next one, okay.
	Can I honestly say that you give out the full sauce in your courses?
	Honestly, I think most mentors give just enough in their courses and let you struggle to accept their favorite students, of course.
	So, people are dumb with these kind of things, honestly.
	So, the thing is this.
	A person can never, ever give everything.
	You know why?
	Because we're still learning ourselves.
	You know what I'm saying?
	I'm adapting, I'm learning, I'm getting better each and every single year.
	It's kind of hard to put everything out.
	But, Raul would also agree that we put enough information out there within our courses to make people money.
	But also that they know how to pretty much grow from that certain point.
	So we're giving them a foundation plus, plus, plus, plus, plus more.
	And sending you up for adaptation in the future as well.
	Yeah, you have to adapt.
	But even then, like, there's no such thing as, like, the sauce.
	Correct.
	You know what I mean?
	But, like, if you want to consider, like...
	Bro, everything I go over in my course is A through Z on the foundation, making a trading plan, journaling, etc, etc.
	But even on my free content, I go over a lot of the core principles that my course does.
	Like, you don't have to buy my course to learn from me.
	It's all on my free Telegram community and my YouTube channel as well.
	Like, you even literally see me trade live on YouTube channel.
	Like, my latest YouTube channel video is literally me executing a position, explaining why my stop loss is here, explaining my risk behind the position, me closing out The positions and then reviewing the trades and then showing a withdrawal at the end.
	Like, there's so much free content everywhere.
	My thing is, like, I'll watch the free content first, gain the knowledge or understanding, and then when I can't go any further, then I'll buy the course.
	Of course.
	But remember, you would easily go to a club and spend $1,000.
	You know what I'm saying?
	True, true.
	So, like, why is it so hard for a person, you think, to actually spend money towards this way versus...
	Because they don't see the value in it and they think it's a scam.
	Off-right.
	That's why.
	Yeah.
	Yeah, a lot of times they don't want to do the work.
	Because getting a course in itself means you have to actually do the work.
	You can't just get the course and you actually have to go through it, study it, watch it back multiple times, take notes, actually apply it, learn it, and you got to watch it multiple times and people don't want to do that work a lot of times.
	And our courses are long as shit.
	Like they're hours upon hours.
	You have mine.
	They're hours upon hours upon hours.
	Some people just don't want to put in the work.
	But I mean, regardless, nowadays, online and social media, even if you're not in the trading industry, whatever industry you're in, the minute you have a course, you're labeled as a scam.
	Yeah.
	No matter what it is.
	Yeah.
	It is what it is.
	Shit, we got a course too.
	Yeah.
	How are you guys backtesting your strategies and how do you avoid curve fitting?
	Curve fitting.
	I've never heard of that terminology before.
	But overall, I feel like backtesting is definitely a part of trading overall.
	You've got to pretty much go back in the past and see what you could have done to actually get into a certain trade or win a certain trade or get out earlier.
	Backtesting is literally just going over what could have been or what you could have done to actually...
	Do better on a certain trade and that kind of thing.
	So if I do actually win a trade or even lose a trade, I gotta backtest to see what I could have done better in some kind of way.
	Yeah, and for me personally, when it comes to backtesting, there's so many softwares available nowadays that will literally, you can go back at any point in time and you can do simulation trading and essentially the way I would backtest would be the same exact way my trading plan is formulated.
	I would just simply apply it to previous price action data.
	And then after seeing that the results have a positive expectancy, move it over To the future.
	Correct.
	And actually forward test.
	Yeah.
	Because the biggest thing is kind of like, you know, programming your mind to actually think faster.
	So like when the opportunity does come up in the market again, you're pretty much already, yeah, like you understand what to do and how to do it.
	And then to make it, you know, eventually play out if it all goes well.
	Okay.
	Yeah.
	That's something where trading experience comes in.
	Correct.
	How important is experience in trading, you think?
	It's the most important thing, right?
	That's one thing that we can't teach is experience.
	You have to go through it yourself.
	We can teach you everything else.
	But experience is the one thing that you have to pretty much get on your own.
	You got to put in that chart time all by yourself and that kind of stuff.
	That's all on you, honestly.
	Got to do the homework.
	Yep.
	Okay.
	And then, what's the next one?
	Let's see here.
	We did that one already.
	Okay.
	Mad respect to you guys.
	And guys, we've got to close this thing out.
	So we'll answer these that came in.
	Mad respect to you guys for getting some traders on after I asked two weeks ago.
	Question, what brokers would you guys recommend?
	And what are some tools you recommend to help with Forex trading?
	Thank you, FNF. So I guess for Forex trading, he's asking for the brokers.
	I mean, if you follow us, then I'm pretty sure we'll mention the brokers that we use.
	I just don't want to put it all out there.
	But at the same time, if you...
	Follow us on IG and YouTube and that kind of stuff.
	We'll mention it.
	But it's also based on the kind of features that you're looking at for a broker.
	So it can be leverage.
	It could be the deposit methods.
	It could be all kinds of different things.
	What software they actually offer.
	So it's all on you.
	But we definitely use brokers that are pretty much beneficial to how we trade.
	And that's it.
	Can you give one?
	I don't want to put it out there.
	It depends.
	I mean, you have MetaTrader, you have Ctrader.
	It depends.
	You have TradeLocker now, which is my trading platform that pretty much...
	It's like a new modern trading platform.
	You have MT4 and MT5, but then TradeLocker is now a part of that conversation now.
	I think I have MT5 currently.
	Guys, we got 1.3k likes, man.
	Do me a favor, get us a 2,000.
	At least we got over 2,000 y'all watching on YouTube and I think another 5 or 6 over on Rumble.
	Luka, yo Raul, how can we join your mentorship program?
	I appreciate what you guys do.
	So, I mean, me personally, I don't always have it open.
	I don't always have it available.
	And then when I actually do open it up, I'll only accept 100 people to come in.
	And I do that because I only want people who are actually going to take it serious.
	I'm not putting hours upon hours upon hours into my mentorship program for people just to not take advantage of it.
	Because at the end of the day, I want hardworking individuals that I'm going to help transform their lives.
	And then they're going to blame you when they're not successful.
	Exactly.
	That's the worst.
	You know what I'm saying?
	And again, it's like the quality of individual and the entry level as well.
	Someone who pays X amount of dollars versus 50 bucks is going to be a lot more invested into the program than that.
	But I mean, right now, I just currently have a waitlist.
	Then after the waitlist, we're going to send everyone in the waitlist applications.
	You then have to apply.
	And then after you apply, you'll get an acceptance or down email.
	But realistically, like we said, probably like 80% of people that actually do apply, then you just have to be one of the lucky 100 to actually join.
	Is yours closed all the time or is it open?
	It's open, actually, because it's a platform that's self-sustaining.
	So, yeah, it's there.
	It's 130 hours worth of content on there.
	So, yeah, it's like a four or five month commitment overall to actually complete the course.
	Well, again, once you learn the skill, you can get your own fish.
	Yeah, exactly.
	And I'm still active within my platform itself, but at the same time, people, they take their time and they study at their own rate and that kind of thing within my course.
	And then last few here.
	Masculinity Archive says, thoughts on Snapchat stock viability?
	Having a tough time understanding tech stocks should be avoided and pursued during this market correction.
	Snapchat stock viability.
	I mean, for me personally, if you're having a tough time understanding these tech stocks...
	If you're having a tough time understanding these tech stocks, why trade tech stocks then?
	If you don't understand what you're actually doing.
	It doesn't make any sense.
	Alright, so understand it before you trade it.
	7yuli7 says, what's your take on the MFF situation?
	This is what they talked about earlier, right?
	Same one, right?
	We talked about that, my man.
	You might have asked it before.
	And the last one here, Kyoshin24.
	Hey guys, what's good?
	I've been studying Forex trading for about six months.
	I think I'm ready to start trading.
	Should I start now or wait a little bit then start?
	Thank you guys.
	Much love.
	No homo.
	If you never start at some point, you're never going to gain the experience because experience is literally every single thing in trading and it's all about trial and error, in my opinion.
	So you have to just get started.
	Do what they said, man.
	Trade a less volatile pair.
	What was it?
	AUD-USD? AUD-USD, yeah.
	You can also enter the most minimum position size and be risking a dollar a pip.
	Not even a dollar a pip.
	You can be risking a cent a pip to mitigate your risk, but it's just about the action of actually trading.
	All right.
	At that point, it's practice.
	Get some confidence.
	Some small wins will lead to more confidence, which will let you risk more.
	Get some big wins, it'll give you more confidence.
	Correct.
	All right.
	Cool.
	And last thing for me here, how has trading changed your life, family-wise, investment-wise, lifestyle-wise?
	I think it's just, it kind of just put things in perspective of like, you know, things, anything that's possible that you put your mind to and your effort to.
	But also like trading had gave me the ability to actually, you know, have my time freedom, have my financial freedom, but also being able to actually put people on to actually, you know, do the same thing as well.
	You know what I'm saying?
	Family-wise, my family's good.
	You know what I'm saying?
	Like, I'm like one person that...
	That could actually change that dynamic of how my family sees finances and online money and that kind of thing also, which is pretty cool.
	So I think it'll change drastically.
	It was a complete 360 overall compared to how it was before I started.
	All right.
	Roe?
	What was the question?
	How has trading changed your life, family-wise, lifestyle-wise?
	I mean, me personally, like, I'm the only person that's ever traded in my family, so it's a very different route.
	You know, they wanted me to kind of go, like, the college route, get an education, and then, you know, do the whole regular thing.
	I don't want to say 9 to 5.
	So you're like the black sheep?
	Well, Spanish sheep.
	Yeah, in my family, yeah.
	I mean, in my family, everyone's school, everyone's college, you know, everybody got a job.
	The only people that actually were entrepreneurs in the space was my dad and my grandpa, right?
	But they all went to school and they did their whole thing.
	So me personally, like...
	When I was going to college studying business administration, I was also trading around the same time.
	It's like, I completely dropped that because I asked my business teacher if he's ever owned a business and he said no.
	Right?
	So I was like, bro, if you've never even owned a business, you have no skin in the game.
	I'm not going to listen to you.
	So that's when I went full time into trading and they were like a bit worried at first, you know, because it was just new to them.
	It's a new thing.
	Yeah.
	Yeah.
	Right, but after I started to be able to sustain my own, and that's when they went full in for me.
	So, I mean, personally, how it's affected me and my life, it's affected my life for the better, and it's allowed me different opportunities to actually make enough income to be able to invest in either a different business or to be able to go out, purchase whatever I want, or to be able to just make any type of investment that I want to in general.
	And it's also, over the years, shifted my complete mindset about what finances actually are as well.
	Right, it's powerful.
	And guys, Last thing for me as well, and then where to go find you.
	What do you invest in now other than trading?
	What are your other investments?
	So, over the last, like, two years, I've just recently been starting to get into, like, more property.
	So, my first, like, kind of, like, big breakthrough with property, essentially, is when I first bought a house.
	This was around COVID time.
	I bought a house for...
	8.30, put some money into it, and I sold it for a mil.
	And that's when I realized the power behind real estate and investing in property.
	Then at 10.31, exchanged it, moved it over into another house where I bought that house for 1.4.
	I dumped a little bit of money into it, and I sold it for $2 million.
	1.4 to $2 million.
	And that completely blew my mind.
	So nowadays I really want to just start investing a ton of money into real estate and really building as much passive income as possible because that's income that's not going to disappear because people are always going to need a place to live.
	I don't think I want to get into commercial.
	But definitely want to get into residential, you know, especially like pre-construction where we go in, we buy a building, or we essentially buy a plot of land, put a building tree.
	You're going to go the whole full rehab and the building shit.
	Okay.
	You got like contractors ready?
	Oh yeah.
	Okay.
	A lot of work.
	A hundred percent.
	Thank you.
	That's where a lot of my trading income is going to be put towards nowadays.
	That's like the freedom.
	That's the freedom behind it.
	WRO. And then Q, you made a whole complex yourself.
	You built your...
	A whole compound.
	A whole compound.
	Yeah, yeah, yeah, man.
	That's like my first...
	Big real estate investment that I actually did.
	That's probably now worth, like, three times the amount of money that I actually paid for it, which is crazy.
	So, I mean, like, ever since then, I've always been kind of sketchy on the sketch side about the real estate stuff because it's so slow.
	But at the same time, it's, like, a guarantee type of thing, I feel like.
	You know what I'm saying?
	Because, remember, like, we trade, so, like, we see, like, the gains and everything very, very quickly.
	Yeah, yeah, yeah.
	So, when it comes to real estate, I was like, ugh.
	But I actually enjoy it, though.
	So, I have a couple...
	Properties and that kind of stuff.
	The compound was my first big property that I actually purchased.
	I have a couple condos and that kind of thing also.
	We're trying to buy an apartment complex right now too, me and my partners.
	But I'm just starting to get comfortable with real estate, honestly.
	Because it's so different.
	But I think it's one thing that is never going to fail.
	You know what I'm saying?
	I know that you're very big into the properties and that kind of stuff.
	Yeah, residential real estate.
	I think it's the best asset class from a tax perspective, etc.
	But you're not going to make money as quickly as you guys are doing.
	That $100K will probably take you a year to appreciate in a really good market on a good year.
	Yeah.
	But nowadays, I feel like it's very important to actually get into those big properties now because, I mean, taxes, bro.
	You know what I'm saying?
	Yeah.
	So we have to make sure that that's actually taken care of.
	That's the biggest reason.
	To be honest with y'all, it's really the tax savings why real estate is so good.
	It's not even the earnings like that.
	It's because you have to buy so much property to get that really good passive income.
	It's the tax mitigation that saves you.
	Yeah, man.
	And like I said, me and my partners and everything, we're trying to actually buy some property in the Wynwood area also and that kind of stuff.
	That's going to be expensive.
	That alone is going to be very expensive, but at the same time, long term.
	It could be worth it.
	They're selling lots for millions right now over there in Wynwood because they know that whole area is about to be gentrified.
	Empty lots, right?
	Yeah, empty lots.
	That's crazy.
	We're trying to buy an old building and that kind of stuff.
	They're trying to turn Wynwood into the new trendsetter, hipster brickle.
	No, no.
	It's on the way.
	It's on the way.
	So it's not like it's nowhere close.
	It's definitely on the way, honestly.
	I love that area.
	Next five to ten years, it's absolutely going to be the new Brooklyn of Miami.
	But yeah, guys, Fresh, you had anything else?
	That's it for me.
	And I just got to say this, man.
	Thank you for coming, guys, because I know you guys have a busy schedule playing golf and traveling the world.
	I gave a lot of sauce on this.
	Kind of.
	Where can I find you guys for mentorship?
	Well, my main thing is on Instagram at QBanks.
	Pretty much in my bio, I pretty much have all the things that I'm linked to.
	It could be like my educational platform, things like my YouTube channel and that kind of stuff.
	It's all going to be on my Instagram profile.
	C-U-E-B-N-K-S QBanks.
	Alright.
	Yeah, for me, it's Instagram and YouTube.
	Instagram, just Lambo Raul.
	YouTube is at Real Lambo Raul.
	And again, you can find a free ton of free educational content on trading just on my YouTube channel alone.
	And my YouTube channel will also redirect you to my free Telegram room where I post weekly free educational content as well.
	All free.
	You know how we mentioned the free stuff first, right?
	Yeah.
	Yeah, because, listen, we give out a lot of value.
	Yeah, yeah.
	Obviously, we have our courses and that kind of stuff also, but at the same time, we also make sure that people that don't want to invest in that.
	Y'all didn't even pitch their courses for all the haters that are saying, like, they're going to pitch their course now.
	No, I never.
	I haven't pitched my course in months, you know what I'm saying?
	People still enroll every day, but at the same time, that's because people see the value, but people be people.
	They didn't even mention their course one time.
	Y'all mentioned it more than they did, bro.
	What the fuck, man?
	I don't even have mine available to always purchase, either.
	It is what it is, man.
	Hey, go check them out, guys.
	Some of the best in the game.
	We'll catch you guys on the next episode.
	I think next time you guys see us, we'll probably be in the new studio.
	Love you guys.
	Peace.

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